FXstreet.com (Barcelona) - The Dollar rejection from 1.0632, intra-day high and August 21 maximum, has found support at 1.0590 level against the Swissy, with the pair rising to trade above 1.0600 again, close to 1.0620. Currently the pair is trading around 1.0610/20, 0.40% above today's opening price action.
Valeria Bednarik, FXstreet.com collaborator, comments that pair is yet slightly bearish: Hovering around 1.0600, pair turned slightly bearish after reaching the 1.0630 first resistance area early Europe. 20 SMA is holding the downside, thus turning flat and loosing the bullish slope; however, bigger time frames suggest some upside continuation so the downside should remain limited in the next hours.
Bednarik provides us with her levels: Support levels: 1.0580 1.0550 1.0520. Resistance levels: 1.0630 1.0660 1.0700