USD/CHF stuck in 50-pip range since midday Monday as buyers and sellers stall
USD/CHF has been confined to a 50-pip trading range since midday Monday. The source does not specify the range's upper or lower price boundaries or the pair's current level. The pair is in a standoff between buyers and sellers, with neither side taking control. Moves higher have attracted selling, and moves lower have attracted buying, keeping the pair contained. The source cites no economic data, central bank commentary or fundamental catalyst behind the consolidation. For traders, this is a range-bound market with no established directional bias. Range extremes are where the opposing side has repeatedly stepped in, and a sustained move beyond either boundary would be needed to signal that one side has gained control.
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