A combination of factors failed to assist USD/CHF to capitalize on its early uptick to multi-day tops. Concerns about rising COVID-19 cases benefitted the safe-haven CHF and capped gains for the pair.
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- USD/CHF consolidates around 0.9070 after bouncing up from 0.9030 - October 22, 2020
- USD/CHF trades within a downside channel - October 22, 2020
- USD/CHF sits near daily tops, comfortably above mid-0.9000s - October 22, 2020