FXstreet.com (Córdoba) - USD/CHF rebounded sharply at the 1.0245 area (intra-day lows) and jumped to tests levels above 1.0300. Greenback is recovering after falling during the Asian session but is still far from intra-day high that lies at 1.0333.
Currently the pair trades at 1.2091/95, 0.37% below today's opening price action. On the upside, above 1.0300 the next resistance lies at 1.0320 and 1.0360 (Oct 7 high).
The ecPulse.com analysis team affirms: The dollar versus swissy reached key support at 1.0245, mentioned, awaited to be breached today to open the way to achieve a bearish intraday direction targeting 1.0000 initially. From here, our morning expectations remain intact and require trading to remain below 1.0380 to keep chances of achieving the expected downside direction.