Morning Report

The Dollar versus Swissy pair surged to the upside within a bearish channel as seen in the above image yet was below the key resistance at 1.0390 keeping the trend to the downside. The stochastic is showing bearish signs making us believe the pair is to decline on the intraday basis targeting the breach of the pivot support at 1.0245 to open the way towards 1.0000

The trading range for today is among the key support at 1.0000 and the key resistance at 1.0550

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 1.0245 to 1.0110 and stop loss above 1.0350 might be appropriate.