FXstreet.com (Barcelona) – The Dollar's rejection against Swissy from 1.0640, intra-day high, in the early European morning, has found support at 1.0595 after falling around 45 pips. USD/CHF has bounced above to 1.0600 level and, currently, the pair is trading around 1.0600/10, posting 0.15% daily loses from opening price action.
Last two session days, USD/CHF has been trading in a narrow range between 1..0590 and 1.0640. In the current week, pair is posting 0.25% gains from Monday opening price, recovering from two week in negative field.
Geroge Clement, senior analyst at Swiss e Trade, doubts that the USD will take a new course in these times: “Against the Swiss franc, the dollar is keeping its low volatility, trading right now at 1.0605. We expect that level to hold more or less in today’s trading, with some weak recovery moves in further low volatility.”
