FXstreet.com (Barcelona) - After falling around 90 pips from intra-day high at 1.0325 in the Asian session to find support at 1.037, 1-week low, in the European morning, USD/CHF has been trading in consolidation mode, in a narrow channel between 1.0245 and 1.4570.

Currently the pair is trading around 1.0255/65, 0.55% below today's opening price action at 1.0318.

According to the FXMarketAlerts team the lower USD/CHF remains: USD has so far held 1.0240, but scope for later clearance remains. This would target next 1.0207 and 1.0181. First resistance is still 1.0270/80, with the stronger area from 1.0301 to 1.0324.