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Forex

USD/CHF Stuck Below Key Resistance Amid Mixed Setup

Guavy AI Editorial Team
Instruments
USD CHF
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The USD/CHF pair has seen some dip-buyers, but its upside remains capped due to a softer US Dollar. Hopes for a US-Iran deal and receding Federal Reserve rate-hike expectations are undermining the safe-haven Greenback.

Acceptance above 0.8100 could pave the way for further near-term gains amid a mixed setup, but traders seem hesitant to place aggressive bearish bets on the USD.

The pair has reversed an intraday dip and touched a fresh daily high during the early European session on Wednesday, though it remains below the 0.8100 mark.

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