Mid-day report

The dollar versus swissy pair broke out of the descending channel; breaching its resistance level, in an attempt to head towards the mentioned correction level at 1.0450, which represents the expected reversal level to continue the downside move expected for today.The downside move remains valid as far as 1.0575 isintact.

The trading range for today is among the key support at 1.0000 and the key resistance at 1.0700.

The general trend is to the upside (so far) as far as 1.1225 remains intact with targets at 1.9600.

RecommendationBased on the charts and explanations above our opinion is selling the pair from 1.0450 To 1.0325 and stop loss above 1.0550, might be appropriate