Daily Forex Update: USD/CHF

As the Asian session approaches, it's very likely that the intraday USD/CHF has found a sideways range within which to trade. The current market cycles on the 15-, 30-, and even 60-minute charts indicate that the small move lower during today's trading session-as the Swiss franc gained on the U.S. dollar-leveled out the short-term time frames as both the 240-minute and daily charts remain range-bound.