FXstreet.com (Barcelona) - After jumping 130 pips from 1.0235 to reach highest level since Oct 2 at 1.0367 during the last Friday's American session, the USD/CHF has started its week on consolidation mode after the last bullish movement. The pair has fallen from 1.0350 to find support at 1.0290 in today's Asian session but Dollar has recover slightly to trade at 1.0340.
Currently the pair is trading around 1.0320/32, 0.15% below today's opening price action at 1.0341.
George Clement, analyst at Swiss e trade, affirms: In a downward correction in early European trading, the dollar has more downside potential today. Currently trading at 1.0310, we expect the downtrend to lead to a level of 1.0250.