The broader Dollar strength is helping USD/CHF consolidate the break back into the 1.25's. However, EUR/CHF sales are offsetting further strength in the Dollarpair as German & Swiss sell orders are worked. The sell orders are said to have been instigated on the European run to 1.6185 but they are now depressing trading with any increase in volume expected to push the price back below 1.6160.
Bids in the cross into the 1.6150 mark are eyed by many as an indicator to further Franc strength so bulls will look to defend this trigger.USD/CHF offers into 1.2520 cap but a return to the 1.2545/50 area will be lookedfor should the US strengthen further.
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