USDCHF prints modest gains on Wednesday in the Asian session. The pair moves in a close trading range and awaits some confirmation before any directional bet. At the time of writing, USDCHF is trading at 0.9211, up 0.01% for the day.
On the daily chart, the USDCHF pair has been consolidating in the range of 0.9170 and 0.9235 for the previous two weeks. USDCHF rose sharply from the 0.8967 made on June 15 and touched the multi-month high near 0.9240.
If the pair sustains above the session’s high at 0.9212, then it has the potential to move back to the previous day’s high in the vicinity of 0.9240 area.
On the Economic data side, the Swiss will release their KOF Economic Barometer and the Credit Suisse Economic Expectations. Later on the day the US will release its Chicago PMI, and monthly Pending Home Sales.
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