FXstreet.com (Barcelona) - The Dollar's decline against the Swissy from intra-day high at 1.0230 in the early Asian session has continued after breaking the MA55 hourly chart at 1.0160 in the European morning to tests 15-month low zone close to 1.0115/25.
Currently the pair is trading around 1.0125/35, 0.60% below today's opening price action at 1.0190. USD/CHF is trading in consolidation mode after the last week bearish movement from 1.0360, October 7 high.
According to Valeria Bednarik, FXstreet.com collaborator, pair is bearish: Clearly bearish, pair continues approaching to parity as commented in older updates. Immediate support comes at the 1.0115 past week lows, while break under that level could accelerate selling as indicators support the bias.
Bednarik provides us with her numbers: Support levels: 1.0115 1.0075 1.0020. Resistance levels: 1.0175 1.0200 1.0230.