FXstreet.com (Barcelona) - The Dollar has continued today's session with it's gains against the Swissy after the higher Friday's close. USD/CHF has risen around 110 pips in the European morning from 1.0135 to hit the highest level since Nov 4 at 1.0245. Currently the pair is trading around 1.0220/30, in consolidation mode with a price 0.60% above today's opening price action at 1.0165.
The Kshitij Consultancy Service Team comments: Swiss witnessed a break above the Resistance at 1.0220 mentioned earlier which we expected to hold and recorded a high of 1.0244 during the day. It has fallen slightly and is now trading in the Resistance region 1.0200-20. If it continues to trade above 1.0200, we might see a rise towards the next significant Resistance seen at 1.0280. We will have to wait and watch the market whether the current downtrend is in the process of a reversal. On the downside Support is seen at 1.0150-30.