Sun, Feb 05, 2023 @ 18:16 GMT
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USD/CHF in Consolidation

The US dollar stays muted over lacklustre manufacturing and services PMI. The bullish bias remains intact as the greenback consolidates its gains around parity. Buyers may see the sideways action as an opportunity to accumulate at a better price. 0.9930 at the base of the previous breakout coincides with the 20-day moving average, making it a congestion area. Further down, the daily support at 0.9790 would be the bulls’ second level of defence. A close above 1.0140 may attract momentum buying and send the pair towards 1.0300.

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