FXstreet.com (Barcelona) - After rising around 100 pips during the early European from MA55 hourly chart level at 1.0310, USD/CHF has attempted to break 1.0400 strong resistance several times during the rest of the European session and the American, but par has been unable to jumps above previous highs.
In the last hours, USD/CHF has been trading in a narrow range between 1.0360 and 1.0400 and currently pair is trading 0.60% above today's opening price at 1.0327 to the current 1.0375/85.
Valeria Bednarik, FXstreet.com collaborator, comments: Looking a bit exhausted in the hourly, pair has a bullish perspective in bigger time frames, as 1.370 support area continues holding the downside. Daily close above 1.0420 area seems to be key as will confirm further rises in the pair. For the next hours, expect some downside corrective movements before a fresh high.
Bednarik provides us with her levels: Support levels: 1.0370 1.0320. Resistance levels: 1.0420 1.0450 1.0485.