Midday Report

The narrow range trading for the dollar versus swissy set the pair to stand out since this morning; where we await a signto initiate the expected intraday descend for today, which is expected to seen from Stochastic as the pairis tradingwithin overbought areas, while a negative crossover could start the expected downside. Our morning expectations remain intact, where we await the breach of 1.0550 major support level, targeting 1.0400. For the downside move to prevailthe1.0675 should remain intact.

The trading range for today is among the key support at 1.0300 and the key resistance at 1.0915.

The general trend is to the upside (so far) as far as 1.0550 remains intact with targets at 1.2245.

Support1.05501.04801.04501.04001.0375
Resistance1.06751.07001.07401.08001.0890
RecommendationBased on the charts and explanations above our opinion is selling the pair after teh breach of 1.0550 To 1.0400 and stop loss above 1.0675, might be appropriate