FXstreet.com (Barcelona) - The Dollar is trading at daily lows against the Swissy after falling around 45 pips in the European session from intra-day high at 1.0220 to reach daily low at 1.0175. Currently the pair is trading around 1.0160/70, 0.30% below today's opening price action at 1.0195.
Tomas Cedavicius, analyst at Investija.com, gives us his scoop on USDCHF: This pair is looking forward for new highs. Above resistance, bulls activity can get stronger. For now waiting action remains with buying possibilities.
Peter Rosenstreich, analyst at ACM, affirms: After breaking above the 50 day MA around 1.0170 on Friday, USDCHF continued its bullish momentum yesterday to top at 1.0243; however the pair currently is testing a critical point 40 day down trend line where a clear break could send the pair higher towards 1.0330 and 1.4000. Momentum indicators are currently mixed with no clear indications.