FXstreet.com (Barcelona) - The Dollar has declined back against the Swissy to test 1.0370 level (MA55 hourly chart) after reaching intra-day high at 1.0420 in the early American session. Currently the pair is trading around 1.0360/70, 0.30% above today's opening price action at 1.0337.
Kshitij Consultancy Service Team comments: Swiss tested the Resistance region 1.0385-0400 mentioned earlier and is now trading near this Resistance region. As the overall sentiment remains bearish, we expect this Resistance region (1.0385-0400) to hold during the US session and might see a downmove towards 1.0300-0280 in the coming sessions/days. Note that the projected Max-Low for the day is 1.0306. On the other hand a break and further move above 1.0400 might see 1.0430-50 on the upside.