FXstreet.com (Córdoba) - Dollar is falling against the Swiss Franc after four days with moderate gains. USD/CHF extended losses after the release of the GDP in the U.S. and fell to 1.0198, posting a fresh intra-day low. Greenback managed to hold above 1.0200 but trades near the zone at 1.0213/16, 0.43% below today's opening price. On the downside the next support lies at 1.0170 and below at 1.0145/50 (Oct 27 lows).
The pair peaked during the Asian session at 1.0290, posting the highest price in two weeks.
Valeria Bednarik, collaborator at FXstreet.com affirms: 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. Only above 1.0240 pair could change intraday bias.