Bulls defend 50-day SMA in USD/CHF on intervention talk

USD/CHF recovered from weekly lows, trading near 0.8080 after touching a daily high of 0.8127. The pair found support at its 50-day simple moving average, keeping the rebound alive.

Nikkei reported that the US Treasury Department has told currency market participants to prepare for additional intervention, following action on Thursday. The presumed intervention helped lift the dollar from its lows, though the pair later meandered around the mid-0.80 area.