The sideway trades helped the dollar versus swissy reach support levels for the ascending channel at 1.0310, which organizes present trades as seen through the image above. Stochastic is showing positive reversal signs that support currently support levels, and therefore we see that the pair's expected direction is bullish over an intraday basis; targeting mainly 1.0480 - 1.0530. This expected direction will prevail if we do not witness trades stabilizing below 1.0310.
The trading range for today is among the key support at 1.0175 and the key resistance at 1.0530.
The general trend is to the downside as far as 1.1225 remains intact with targets at 0.9600.
Monthly report Weekly Report
|Recommendation||Based on the charts and explanations above our opinion is buying the pair from 1.0310 targeting 1.0420 and stop loss below 1.0230, might be appropriate.|
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