FXstreet.com (Barcelona) - The USD/CHF has opened the current week with a down note following the Friday's decline from 1.0200. The pair has fallen around 110 pips from intra-day high at 1.0170 in the early Asian session to trade below 1.0100 level and hit 2-week low at 1.0060.
The Dollar has lost all of gains reached since Oct 26 against the Swissy from and, after rising 150 pips from 1.0050 support in Oct 26 to reach 1-month high at 1.0200, pair has come back to trade below 1.0100level, close to 1.0050.
George Clement, analyst at Swiss e Trade Strategy Team, comments: The dollar, in lower volatility compared to other majors, lost ground this European morning against the Swiss franc and is now priced at 1.0070. We do not see much more downside risk, rather recovery moves coming today, leading to the 1.0120 mark.
The Kshitij Consultancy Service Team affirms: Dollar-Swiss has fallen and is once again targeting to reach below parity on a break of 1.0032. Though there are good chances that this Support at 1.0032 might hold. But if it doesn't the pair could be targeting 0.9850 over the course of this week. On the upside, a bounce back towards 1.0180-0200 cannot be ruled out. If seen, these would be the levels to go Short.