FXstreet.com (Barcelona) - The Dollar's decline from Today's intra-day high at 1.0285 in the Asian session has continued during the American session to breaks MA55 hourly at 1.0225 and yesterday's low at 1.0190 and trade at intra-day lows close to 1.0170.
Currently, the USD/CHF is trading around 1.0170/80, 0.80% above today's opening price action at 1.0260.
Valeria Bednarik, FXstreet.com collaborator, comments: Failure to gain the 1.0300 level, send the pair back to retest key 1.0200 zone. With hourly indicators suggesting more downside pressure to come, if 1.0200 gives up, expect the pair to extend the fall to 1.0300 area. Only above 1.0240 pair could change intraday bias.