Dollar recovers slightly against the Swiss Franc, supported above 0.97 marks
Pair is currently trading at 0.9765 levels. It made intraday high 0.9771 and low at 0.9714 marks. Pair made temporary low yesterday at 0.9661 levels and intraday bias remains neutral first. Pair likely to consolidate bel…
It made intraday high 0.9771 and low at 0.9714 marks.
Pair made temporary low yesterday at 0.9661 levels and intraday bias remains neutral first.
Pair likely to consolidate below 0.9884 levels.
On the other side, a daily close below 0.9661 levels will target key support level at 0.9475 marks.
Initial support levels are seen at 0.9715, 0.9661 and 0.6621 levels.
On the other side, resistance levels are seen at 0.9770, 0.9815 and 0.9884 levels.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
