FXstreet.com (Barcelona) - After finding support at 0.9990 in the early European session, coming from its 80 pips decline from 1.0075 in the Asian morning, the USD/CHF has bounced at this level to test 1.0030 resistance again. Currently the pair is trading around 1.0025/35.
The Kshitij Consultancy Service Team comments: Swiss is trading in a narrow range of 0.9994-1.0032. As no significant move on either side was not seen during the day, our view continue to remain the same on the pair. on the upside Resistance is seen in 1.0050-75 region which we expect to hold in the US session as the broader picture continue to remain bearish. However, a strong break above 1.0075 might see a rise towards 1.0125-50. On the downside Support is seen in 0.9980-70 region. A strong break below this Support region might see further dip towards 0.9875-50 over the next few days.