FXstreet.com (Barcelona) - The dollar's recovery against the Swissy from 1.0290 has been capped at 1.0360 and USD/CHF has been launched down to trade below 1.0300 again and post 1.0273 as fresh lowest level since July 2008. Currently the pair is trading around 1.0285/95, 0.30% below today's opening price action.
According to Valeria Bednarik, FXstreet.com collaborator, pair continues printing lower lows: Indicators in 1 hour chart are bearish, while 20 SMA remains flat under current price. Daily close could be key in forming a reversal candle, as in daily charts pair remains oversold, suggesting at least a corrective upside movement should take place soon.
Bednarik provides us with her levels: Support levels: 1.0290 1.0250 1.0210. Resistance levels: 1.0365 1.0390 1.0420.