FXstreet.com (Barcelona) - The Dollar has continued with advance against the Swissy throughout the European session after rising around 70 pips in the last hours from 1.0370 to break Dec 30 and Jan 04 high at 1.0420 and hit the highest level since December 23 at 1.0440.
USD/CHF is trading higher today since the Asian session with the pair rising 1.10% so far today from opening price action at 1.0325, falling to 1.0310 in the Asian time to recover the current 1.0435.
Swiss has risen during the day and is now heading towards 1.0430-50 as expected. A strong break above 1.0450 might take it further up towards 1.0520. suggests the Kshitij Consultancy Service Team, and it continues: On the downside immediate Support is seen at 1.0385 a break below which might pull it down towards 1.0300. As mentioned earlier, We will have to wait and watch to see whether a pull back might be seen from the immediate Resistance region 1.0430-50 to keep the broader downtrend intact or a reversal is in process.
Against the Swiss franc, the dollar is now testing the 1.0425 resistance level in this European morning, losing some momentum. affirms George Clement, chief technical analysis at Swiss e Trade, We see the 1.0425 level more or less holding in today's trading, leaving room for down movements towards prices around 1.0350. Clement concludes.