Morning Report

The dollar versus swissy rushed to the upside and breach the main resistance for the bearish direction currently at 1.0090. It seems that the horizontal resistance is at 1.0175 and halted the pair's push. The neckline represents the bullish technical pattern, which is required to carry the pair further to the upside in a bullish move over intraday basis; targets next are around 1.0400 and require 1.0090 to remain intact within the four-hour closing.

The trading range for today is among the key support at 0.9960 and the key resistance at 1.0300.

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 with the breach of 1.0175 targeting 0.0300 and stop loss below 1.0090, might be appropriate.