FXstreet.com (Barcelona) - The Dollar has been trading in a clear flat range during the last hours; after yesterday's 150 pips rally, the Dollar has been trading between 1,1550 support area and 1.1585 on the upside.
According to the Kshitij Consultancy Service Team, once above 1.1585, the pair could reach 1.1700: Dollar-Swiss has been extremely ranged during the day after the sharp rise seen yesterday which took the pair towards 1.1600. It is trading bound by the 55-DMA (1.1548) at the bottom and 8-DMA (1.1583) at the top. Once it is able to break past the range, we might see it move towards 1.1700 over today/ tomorrow.
Resistance levels remain at 1.1585, and above here, 1.1700 and 1.1810. On the downside, below 1.1550/25, next support levels could lie at 1.1480 and 1.1430.
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