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The US Dollar remains under strong bearish pressure against the Swiss Franc, hammered by the downward revision of the third quarter US Gross Domestic Product released on Thursday.
The USD/CHF slipped through the 0.8600 handle on Thursday as broader markets push over the US Dollar (USD), bolstering all other major currencies across the board and lifting the Swiss Franc into a new twenty-week high against the Greenback.
The USDCHF pair is almost back to the cycle lows. What’s next?
The USD/CHF pair finds an interim support after a steep correction to near the round-level support of 0.8600 in the early European session.
USD/CHF recovers from the five-month low at 0.8593 level as US Dollar (USD) attempts to retrace its recent losses.