Morning Report

The dollar versus swissy pair continues its pressure on pivotal support that wasmentioned yesterday, at 1.0145 through sideways trading appearing over an intraday basis. This constant pressure keeps chances of achieving the expected bearish intraday for the pair intact. However, next we can expect a breach for the mentioned support to head towards the first main target around 1.0030. Stochastic supports the bearish 50 MA, adding more downside pressure.

The trading range for today is among the key support at 0.9950 and the key resistance at 1.0350.

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 1.0145 and targeting 1.0030 and stop loss above 1.0240, might be appropriate