FXstreet.com (Barcelona) - Dollar is under pressure today's American session, USD/CHF has dropped around 110 pips in the last hour from intra-day high at 1.0435 to break 1.0385 level, MA55 hourly chart, and post daily low at 1.0325. Currently the pair is trading close to 1.0330/40, 0.70% below today's opening price action.
Valeria Bednarik, FXstreet.com collaborator, comments: Again pair failed to break above 1.0420/450 strong resistance area, and retreat from there. Losing ground despite bullish hourly indicators, pair is now at 20 SMA in 4 hours charts, attempting to break lower. If confirmations come, expect further falls for today, thus 1.0320 should hold; weekly close under that level, will signal pair is ready to resume downtrend.
Bednarik provides us with her levels: Support levels: 1.0380 1.0350 1.0320 1.0280. Resistance levels: 1.0420 1.0450 1.0490 1.0550.