FXstreet.com (Córdoba) - USD/CHF rose to 1.0340 posting a fresh intra-day high but failed to hold above 1.0330. The pair weakened after the opening bell at Wall Street and fell to 1.0240. From there rebounded but Greenback is facing resistance at the 1.0300 zone. The pair is moving sideways, with no clear direction and looks to continue in that way through the rest of the day. A clear break above 1.0340 could send the pair higher, to the 1.0380 area.

Regarding USD/CHF, Valeria Bednarik, analyst at FXstreet.com affirms: Spent the week capped under 1.0320 level, and failure to break above. Trend remains strongly bearish there, and a weekly close under 1.0210 will put parity on the table. Seems SNB has decided to backup from intervention, and will likely wait to see EUR/CHF close to 1.5000 to worry about the Swiss Franc appreciation.

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