- USD/CHF struggles to maintain an auction above 0.8550 amid positive market sentiment.
- A power-pack action is expected in the USD Index amid the release of the US GDP data.
- USD/CHF is looking for a cushion near the horizontal support plotted around 0.8557.
The USD/CHF pair is struggling to maintain auction after printing a fresh eight-year low around 0.8552 in the European session. The Swiss Franc asset is facing pressure as the market mood is extremely upbeat amid expectations that interest rates by the Federal Reserve (Fed) are pealed for the entire year.
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