FXstreet.com (Barcelona) - After trading in a small range between 1.1330/70 since yesterday session, USD/CHF has fallen 70 pips from the 1.1392, today's high, to 1.1322 level. Currently, the pair is trading around 1.13250/30.
Yesterday, USD/CHF fell 1.04% from the opening price at 1.1457, reaching 1.1487 as maximum and 1.1308 as lowest, to close the day at 1.1338.
According to Valeria Bednarik, FXstreet.com collaborator, USD/CHF is slightly bullish: The pair remains ranging in the hourly charts, yet slightly bullish, between 1.1300/1.1440 zone. Clear break must be seen to determinate bias. 20 SMA is turning downside up, while 200 EMA remains above actual price and should act as dynamic resistance in any price advance. Volume is good, but settles down a bit ahead of U.S. open.
Bednarik provides us with her levels: Support levels: 1.1320 1.1296 1.1265. Resistance levels: 1.1364 1.1392 1.14