Midday Report

The dollar versus swissy is trading within a narrow sideways range, seen in the image above, where it is attempting to retest the breached key support at 1.0125 while at the same time gaining bearish momentum that supports the pair to continue its intraday bearish move for today. Our morning expectations remain intact, where we await the downside direction that will prevail if the key resistance at 1.0295 is not breached.

The trading range for today is among the key support at 0.9880 and the key resistance at 1.0450.

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 at 1.0125 and targeting 1.0000 and stop loss above 1.0185, might be appropriate