The information provided is of general nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information provided, you should consider whether the information is suitable for you and your personal circumstances and if necessary, seek appropriate professional advice. All opinions, conclusions, forecasts or recommendations are reasonably held at the time of compilation but are subject to change without notice. Past performance is not an indication of future performance. Go Markets Pty Ltd, ABN 85 081 864 039, AFSL 254963 is a CFD issuer, and trading carries significant risks and is not suitable for everyone. You do not own or have any interest in the rights to the underlying assets. You should consider the appropriateness by reviewing our TMD, FSG, PDS and other CFD legal documents to ensure you understand the risks before you invest in CFDs. These documents are available here.
Any references to Australian or international shares, sectors, indices, ETFs, crypto-related stocks or other instruments are provided for market commentary and watchlist purposes only and do not constitute a recommendation, offer or solicitation to buy, sell or hold any financial product or adopt any investment strategy. International markets may involve additional risks, including currency fluctuations, regulatory differences, market structure differences, reduced liquidity and higher volatility. Company-specific, sector-specific and macroeconomic risks may also affect performance.
Commentary on geopolitical developments, economic data, central bank decisions, earnings, policy changes and other global or financial market events is based on information available at the time of publication and may change without notice. Such events can lead to sudden market moves, price gaps, reduced liquidity, wider spreads and increased volatility, particularly in leveraged products such as CFDs. Forward-looking statements, expectations and scenario analysis are inherently uncertain and should not be relied on as guarantees of future market behaviour or outcomes.
Swiss Franc: Range trading persists against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CHF remains locked in a tight range, with intraday expectations between 0.8315 and 0.8350. For the 1–3 weeks horizon, they see the Dollar trading within 0.8295/0.8365, citing tentative momentum. Over 1–3 months, they expect further rebound but not enough strength to revisit the July peak.
Dollar seen confined to tight ranges
"24-HOUR VIEW: After USD rose to a high of 0.8350 two days ago, we highlighted yesterday that “the sharp rise appears to be excessive, and USD is unlikely to rise much further.” We expected USD “to trade in a higher range of 0.8320/0.8355.” USD subsequently traded between 0.8311 and 0.8348, closing 0.25% lower at 0.8323. The current price movements appear to be part of an ongoing range-trading phase. Today, we expect USD to trade between 0.8315 and 0.8350."
"Last Friday (02 Oct, spot at 0.8310), we indicated that USD “has likely entered a range-trading phase 0.8245 and 0.8365.” Yesterday (13 Oct, spot at 0.8345), we highlighted that “we continue to expect range-trading but now expect a narrower range of 0.8295/0.8365.” There is no change in our view."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
Related Articles
