FXstreet.com (Barcelona) - The Dollar's recovery against the Swissy from 2-week low at 1.0190 has found resistance at 1.0260 after rising around 70 pips in a rebound movement. Currently the pair is trading around 1.0220/30, 0.35% below today's opening price action at 1.0265.
Valeria Bednarik, FXstreet.com collaborator, comments: As comment previously, pair bearish bias persists and briefly fall under 1.0200 following gold spike. Now back above 1.0210 zone, current movements seems to be mostly corrective, as 20 SMA remains strongly bearish and above current price both in 1 and 4 hours charts. Yearly low at 1.0170 area is key downside level to watch as break under that zone could trigger more selling in the pair.
Bednarik provides us with her levels: Support levels: 1.0210 1.0170 1.0140. Resistance levels: 1.0245 1.0270 1.0300.