FXstreet.com (Barcelona) – After rising around 50 pips from 1.0585 in the Asian session to post intra-day high at 1.0633, USD/CHF has been consolidating previous gains with the pair trading in a narrow range between 1.0605 and 1.0630.
Currently the pair is trading around 1.0615/25, posting 0.20% daily gains from opening price action.
George Clement, analyst at Swiss e Trade, expects USD/CHF higher today: “On a slow recovery path against the Swiss Franc, the Dollar currently trades at 1.0610, near the highs in the early European trading. More of that recovery can be expected in today`s trading, leading the market to levels around 1.0690.”
