USD/CHF extends correction, 0.8040 seen as key support
The USD/CHF pair fell 0.2% to 0.8085 during European trading on Friday, extending its pullback from a 10-month high of 0.8140, with 0.8040 identified as key support.
USDCHF
The US dollar weakened against the Swiss franc during the European session on Friday, with USD/CHF trading 0.2% lower near 0.8085. The move extends a correction from the 10-month peak of 0.8140 reached earlier this week.
Analysts are now watching the 0.8040 level as a critical support zone. A break below this area could signal further downside, while holding above it may allow for a stabilization or rebound.
No additional data or catalysts were cited in the initial report.
Source: FXStreet Forex News