FXstreet.com (Barcelona) - The Dollar is narrowing its range trade against the Swiss Franc around key level at 1.1600, the pair has created a triangle from 1.1713 high on Feb 23 on the upper side and from 1.1600 low on the same day.

Bollinger bands ate tightening considerably and a breakout could provide a fair share of pips either way. On the Upside the attention should be on the 1.1640 level, a break above there should open the doors for a rally towards 1.1660 first and 1.1712 intra week high.

On the downside the next support level remains at 1.1580, and below that level 1.1540/60 and the area between 1.15 and 1.1510.