Morning Report

The Dollar versus Swissie pair continues to trade around the pivot support yesterday at 1.0285, where we expect the pair to breach it and open the way on the short term to target 1.0000. There is a possibility of witnessing high volatility at the time of breakout due to positive signs appearing on momentum indicators, yet the intraday trend remains to the downside as far as 1.0405 remains 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 selling the pair with the breach of 1.0285 to 1.0185 and stop loss above 1.0360 might be appropriate.