FXstreet.com (Barcelona) - After rejecting from 1.0700 to falls close to 1.0660 in the European session, USD/CHF has bounced at this level to rise around 45 pips, test 1.0700 resistance and post 1.0705 as fresh intra-day high.
Currently the pair is trading around 1.0695/1.0705, posting 0.10% daily gains from opening price action.
Valeria Bednarik, FXstreet.com collaborator, comments: Moving inside a small consolidation flag continuation figure, pair holds the bullish bias in 1 hour charts. Candle opening above 1.0700 should signal further rises in the pair, supported by slightly positive signs coming from indicators. Bigger time frames however, don't support the view as indicators are turning to the downside. Better upside confirmation will come above yesterday's high of 1.0712.
Bednarik, sharing her todays levels: Support levels: 1.0670 1.0630 1.0600. Resistance levels: 1.0710 1.0740 1.0780.