Morning Report

The Dollar versus Swissy pair is currently retesting the broken neckline at 1.0285 where it is attempting to gather enough bearish momentum to continue the decline on the intraday and short term supported by the stochastic indicator nearing overbought areas. From here we expect the pair to decline on the intraday basis targeting 1.0185 and 1.0000 respectively as far as 1.0390 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 from 1.0285 to 1.0185 and stop loss above 1.0350 might be appropriate.