FXstreet.com (Barcelona) - The Dollar is showing strength against the Swiss Franc, and the pair has climbed 0.56% in the day so far; after having bounced at 1.1415 intra-day low in Asian session, the Pair has reached levels right below 1.1505/15 during the European session.
In case of successful move above the mentioned level, next resistance levels could lie at 1.1550 (Mar 30 high) and 1.1625. On the downside, support levels remain at intra-day low at 1.1415 and below here 1.1340 (Apr 7 low) and 1.1300.
According to Tim Salem, collaborator at FXstreet.com, the pair remains on the upside as long as it stands on 1.1445 level: Sentiment remains to the Upside with consistent Adherence to the IntraDay Uptrend Channel. Price remaining above the Hourly 20SMA@ 1.1445 will hold this Bias despite subtle Divergence with the Slope of RSI. 1.1501 Static Resistance is next followed by 1.1536 in the Near-Term and Violation arrives with Downside Risk @ 1.1417 and the 200SMA @ 1.1400 Handle, respectively.