Morning Report

The Dollar versus Swissy pair returned to trade within a minor bullish channel, as expected where it is currently targeting the pivot resistance at 1.0440. These movements within the bullish channel continue on the intraday and short term, with initial targets at 1.0550 and the far off towards 1.0700. However, this incline remains as far as 1.0240 is intact.

The trading range for today is among the key support at 1.0000 and the key resistance at 1.0600

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 buying the pair from 1.0350 to 1.0440 and stop loss below 1.0280 might be appropriate.