After climbing around 85 pips in the European session from 1,0740 to post 2-week high at 1.0832, USD/CHF has fallen back to trade below 1,0800 in a consolidation mode after the previous bullish movement. Currently the pair is trading around 1.0800/10, 0,45% above today's opening price.
The Kshitij Consultancy Service Team comments: “Now the pair has entered the Resistance level of 1.0810-23. This is an important Resistance zone (55-DMA) which can push the prices down towards 1.0726, while a break above this can lead to 1.0878. n the downside, the floor at 1.0726 (which did not give in and propelled the pair upward) may continue to act as Support. Break of this floor at 1.0726 can lead to 1.0660-53 levels”

