Forex

USD-CHF @ 1.0398/02...Bearish Biased
R: 1.0430 / 1.0460 / 1.0490
S: 1.0370 / 1.0340 / 1.0309
USD-CHF has had little move during the day so far and big move is unlikely later today as well. The near term range for the pair is 1.0307 – 1.0459. However the pair remains bearish and sellers are still likely on rallies. Today the immediate Resistance is at 1.0430. Above that the Resistance is at 1.0460. The statistically projected Max High for the day is at 1.0490.

On the downside the Support is at 1.0370 and then at 1.0340. The statistically projected Max Low for the day is at 1.0309. The pair needs to move above 1.0550 to question the downside potential in the week.