FXstreet.com (Barcelona) - The Dollar's recovery from 4-week low at 1.0250 reached today's early European morning against the Swiss Franc has continued in the last hours to trade above 1.0300 level and reach intra-day high at 1.0315. Currently the pair is trading around 1.0295/1.0305, at the same opening price range.
USD/CHF is trading in consolidation mode after falling from 1.0420 throughout yesterday session.
The Kshitij Consultancy Service Team, comments: Swiss has risen from the day's low of 1.0252 and is now trading just above 1.0300. AS mentioned earlier Resistance is seen in 1.0330-50 region which we might expect to hold in the US session today. Note that the projected Max-High for the day is 1.0350. However, if 1.0350 is broken we might see 1.0400-20 on the upside once again. On the downside immediate Support is seen at 1.0244 (200-MA on the 4-hr chart) a break below which might pull it down towards 1.0200-1.0185.