FXstreet.com (Barcelona) - The Dollar has finally fallen below the 1.0100 key level against the Swissy during today's session with the pair trading in a narrow range between 1.0090 and 1.0115 during the Asian and European sessions. USD/CHF is trading in consolidation mode after the last bearish movement, around 1.0095/1.0105, 0.15% below today's opening price action at 1.0115.
Steve Nigg, Analyst at Swiss e Trade, comments: At 1.0100, the USD is very close to parity against the CHF. Traders are currently wary of shorting the USD / CHF because of the fear of SNB intervention in the market. We think the SNB will not intervene in support of the dollar until signs of CHF weakness are first seen in the market. No recommendation.