Morning Report

The Dollar versus Swissy pair is gradually declining within a minor descending channel, supporting the short term downtrend. Trading below the minor support at 1.0325 yesterday, makes us believe the pair is to continue declining today targeting 1.0000, as far as 1.0400 remains intact; whereas 1.0550 remaining intact is vital for the short term downtrend to continue.

The trading range for today is among the key support at 1.0000 and the key resistance at 1.0700

The general trend is to the downside as far as 1.1225 remains intact with targets at 0.9600

RecommendationBased on the charts and explanations above, our opinion is selling the pair from 1.0325 to 1.0220 and stop loss above 1.0400 might be appropriate.