Morning Report

The dollar versus swissy stabilized within a narrow range above 1.0400. Momentum indicators are showing negative signs that we expect will pressure the pair to achieve after slightly correcting bearishly, where we expect a base to be built on 1.0365 - meeting point between scattered support levels - and then start an expected bullish direction over an intraday basis for today; targeting levels between 1.0550 - 1.0575 that require the four hours to remain above 1.0365 so it may prevail.

The trading range for today is among the key support at 1.0265 and the key resistance at 1.0615.

The general trend is to the downside as far as 1.1225 remains intact with targets at 0.9600.

Weekly ReportMonthly Report

RecommendationBased on the charts and explanations above our opinion is buying the pair from 1.0365 targeting 1.0520 and stop loss below 1.0265, might be appropriate.

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