FXstreet.com (Barcelona) - The Swissy has suffered from Dollar strength on Monday, and the pair has bounced up from Asian session low at 1.0290 to test resistance area at 1.0360 (Sept 17 high) at the moment of writing, extending recovery from 14 month low at 1.0275. reached last Thursday.

Peter Rosentreich, techncal analyst at ACM - Advanced Currency Markets, warns about potential pullbacks at 1.0350/65: After a long run shorting the pair on a short term basis the pick up in USD strength has pushed the currency slightly out of the core trend channels and into a resistance zone at 1.0350/65. Some short interest can be expected on the first visit to these levels

Further up, Rosentreich observes 1.0390 as the next potential resistance area: Next major downtrend comes in around 1.0390 where again one can expect some short interest. Any continued long interest will likely come in on the intraday uptrend at 1.0310/20.

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