FXstreet.com (Barcelona) - After capping recovery from 1.0285, December 31 low, at 1.0420 resistance in the early European morning, the USD/CHF has been falling throughout the session to break MA200 hourly at 1.0390 and MA55 hourly at 1.0360 to find support at 1.0320. Currently the pair is trading around 1.0325/35, 0.25% below today's opening price action at 1.0365.
The Kshitij Consultancy Service Team comments: Swiss has fallen from the high of 1.0419 and is now trading lower just above the Significant Support region 1.0320-1.0280. As mentioned earlier, a break below 1.0280 might pull it further down towards 1.0220-00 in the US session today. On the other hand if this Support region (1.0320-1.0280) continue to hold, we might see a rise once again towards 1.0430-50 in the coming sessions. Remember, the Support at 1.0280 held all through last week. We will have to wait and watch whether this Support will continue to hold or not.