Morning Report

The dollar versus swissy halted it's ascend at resistance level for the minor bullish channel, which organizes the pair's trading since the middle of the current month almost, while the pair nears support at 1.0085. The structured trading within this channel makes us expect a bullish intraday direction for today, which will build its base on the mentioned support level and target 1.0240. Keep in mind the importance of trading remaining above 1.0085 to maintain chances of continuing the expected bullish direction.

The trading range for today is among the key support at 0.9950 and the key resistance at 1.0335.

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 buying the pair from 1.0085 targeting 0.0185 and stop loss below 1.0030, might be appropriate.