FXstreet.com (CÃ³rdoba) - The Swiss Franc fell on Monday against the Dollar for the first time after four days. USD/CHF rose but found a key resistance at 1.0620. From there the pair rebounded but managed to stay above 1.0600.
The Kshitij Consultancy Service Team affirms: A break below 1.0550 might see 1.0500 on the downside. As mentioned earlier 1.0500 is the significant level to watch for on the downside, a break below which might increase the chances of a dip towards 1.0300. On the other hand if the Support at 1.0550 holds, a break and a further strong move above 1.0600 might take it up towards 1.0650-80 in the coming session.