FXstreet.com (Barcelona) - The Dollar's recovery from 1.0060 against the Swissy in the Asian session has continued during the European morning with the pair rising more than 75 pips to break up the MA55 hourly chart at 1.0075, trade above 1.0100 and hit intra-day high at 1.0135.
Currently the pair is trading around 1.0125/35, 0.50% above today's opening price action at 1.0075 and continuing with its advance from 1.0035, lowest lervel since Oct 23.
The Kshitij Consultancy Service Team comments: Swiss has risen during the day breaking above the Resistance at 1.0100 mentioned earlier. If it continues to trade above 1.0100 we might see a rise towards 1.0150 in the US session today. Resistance is seen in the region 1.0135-60 which we expect to hold as the broader picture continue to remain bearish. Note that the projected Max-Low of the day is 1.0154. However, a strong break above 1.0160-70 might increase the chances of further rise towards 1.0210-30.