USD/CHF looks to build momentum beyond 0.8200 ahead of SNB rate decision

  • The USD/CHF pair builds on its recent recovery from the vicinity of mid-0.8000s, or a nearly two-month low touched last week, and scales higher for the fifth straight day on Thursday. The momentum lifts spot prices to over a one-week high during the Asian session, with bulls awaiting a sustained move beyond the 0.8200 mark ahead of the key central bank event risk.