FXstreet.com (Barcelona) - The Dollar's decline from 1-week high at 1.0375 in the Asian session has continued during the European session and currently the pair is testing 1.0300 level in the beginning of the American time, reaching 0.40% daily gains from opening price action.

USD/CHF current decline could be looking for a 1.0290 level as 55 and 200 MA in the hourly chart.

Valeria Bednarik, FXstreet.com collaborator, comments: Hourly charts had turned slightly bearish after failing to break above 1.0370 resistance zone, yet pair remains hovering around key 1.0320 /30 area. Indicators had no definitions for the pair in 1 hour charts, but mostly, pair will follow stocks and risk mood.

Bednarik provides us with her levels: Support levels: 1.0280 1.0250 1.0210. Resistance levels: 1.0330 1.0370 1.0420.

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