FXstreet.com (Barcelona) - The Dollar's decline against the Swissy has continued its decline from 2-week high at 1.0210 reached yesterday session during the European morning with the pair falling below MA55 and 200 hourly chart zone at 1.1010/20, trading below 1.1000 level and hitting 1.0085 as fresh intra-day low.
Currently the pair is trading around 1.0095/1.0105, 0.50% below today's opening price action at 1.0160.
The Kshitij Consultancy Service Team comments: Swiss has fallen sharply during the day breaking below the Support at 1.0130 mentioned earlier. The overall downtrend is intact and we might see a downmove towards 1.0050-30, which is the significant Support region seen on the downside. A strong break below this Support region might trigger further downmove towards 0.9950 in the coming days. Any sharp upmove is not looking likely now. Resistance is seen at 1.0170 which we expect to hold in the US session if any bounce back is seen.