Midday Report

Narrow tradingwas seen forthe dollar versus swissy pair since this morning, with no change to our morning expectations; we still await retesting yesterday's breached support level at 1.0550 and then resume the downside expected for the pair targeting 1.0400,thenfurther southtowards 1.0000. The downside move prevails as far as 1.0550 is intact with daily closings below this level.

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 1.1225 remains intact with targets at 1.9600.

RecommendationBased on the charts and explanations above our opinion is selling pair from 1.0550 To 1.0400 and stop loss above 1.0675, might be appropriate