USD/CHF Aims to Extend Rally Towards One-Year High Near 0.8170
The USD/CHF pair corrects from its 10-month high of 0.8140, trading 0.16% lower near 0.8110 during European hours Thursday. The overall bias remains bullish as the US Dollar continues to outperform, targeting the one-year peak around 0.8170.
The USD/CHF pair is trading 0.16% lower at approximately 0.8110 during Thursday's European session, pulling back from the 10-month high of 0.8140 printed the previous day.
Despite the short-term correction, the broader technical outlook for the Swiss Franc pair remains firm. Analysts attribute the sustained strength to the ongoing outperformance of the US Dollar across major currency markets.
The pair is now seen as aiming to extend its rally towards the one-year high near the 0.8170 level, with buyers likely to defend dips.
Source: FXStreet Forex News