USD / CHF Analysis

USD / CHF Analysis

The oversold conditions started a short-term intraday around USD / CHF. The USD / CHF pair struggled to take advantage of about 65 pips of intraday leaps, and it remained almost unchanged throughout the day, with around 0.9200 last. The pair has managed to find support close to the 0.9165 zone, and has dropped its recent bearish trend to its lowest level since January 2015. The leap attempt did not have a pronounced basic catalyst and was managed only in short-term charts with some short-term movements under oversold conditions. However, the intensely presented situation surrounding the US dollar did not affect the bulls, but instead made more gains for the USD / CHF pair. Investors continued to reduce the dollar, worrying that the steady increase in coronavirus cases could weaken the Fed's economic recovery and further stimulating speculations.