FXstreet.com (Barcelona) - The Dollar has collapsed against the Swissy today in the opening European session after falling from MA55 hourly chart level at 1.0090 to test 2009 low levels close to 1.0030.
Currently the pair is trading around 1.0040/50, 0.30% below today's opening price action at 1.0075.
Tomas Cedavicius, analyst at Investija.com, gives us his scoop: USDCHF Bears have confirmed their strength once again. Selling possibilities are better to take.
Igor Kulaga, analyst at Forex Ltd, comments: The pre-planned short positions from key resistance range levels have been implemented with achievement of minimal anticipated target. OsMA trend indicator, having marked tendency of fall in both party activity and considering a chosen strategy does not clarify the choice of planning priorities for today. Therefore, considering probability of further rate rage movement, as earlier we can assume rate return to close 1,0100/20 resistance levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval.