So far the USD/CHF has broke out of its prior consolidated range near 0.7600, and has risen to test resistance at a fresh 1-week high just above 0.7700. If the pair manages to extend current bullish momentum, the next critical levels are listed at 0.7741 (Daily High Aug 5), 0.7802 (Daily High Aug 4) and later 0.7848 (21-Day MA).
The EUR/CHF similarly pushes higher in early trade, swinging around 250 pips from a brief spike low of 1.0685 in the opening moments of the current session. The pair currently trades at 1.0964 and eyes 1.0100 in the near-term.
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