Morning Report

The dollar versus swissy moved to the upside after touching support levels for the ascending channel and head towards achieving primary targets between 1.0550 and then 1.0625. The MA 25 continues its bullish direction; thus, we see that the expected direction for today is bearish heading towards the mentioned targets. It is vital that trading remain above 1.0375 so that the expected bullish direction could continue.

The trading range for today is among the key support at 1.0345 and the key resistance at 1.0625.

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 1.0410 targeting 1.0550 and stop loss below 1.0345, might be appropriate.