FXstreet.com (Barcelona) - The Dollar - Swiss Franc continues with its bearish trend, according to the ActionForex.com technical team: USD/CHF's fall from 1.1596 resumed by taking out 1.1018 support and dives to as low as 1.0976 so far. At this point, intraday bias remains on the downside as long as 1.1058 minor resistance holds and further fall is expected to be seen to retest 1.0890 low and then next short term target of 61.8% projection of 1.1596 to 1.1018 from 1.1189 at 1.0832. On the upside, the ActionForex team forecasts: On the upside, above 1.1058 will turn intraday outlook consolidative first. But further downside is still in favor as long as recovery is limited below 1.1189 resistance.
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