Forex: USD/CHF recovers previous losses and tests 1.0700

FXstreet.com (Barcelona) – After rejecting from 1.0700 to falls close to 1.0660 in the European session, USD/CHF has bounced at this level to rise around 45 pips, test 1.0700 resistance and post 1.0705 as fresh intra-day high.

Currently the pair is trading around 1.0695/1.0705, posting 0.10% daily gains from opening price action.

Valeria Bednarik, FXstreet.com collaborator, comments: “Moving inside a small consolidation flag continuation figure, pair holds the bullish bias in 1 hour charts. Candle opening above 1.0700 should signal further rises in the pair, supported by slightly positive signs coming from indicators. Bigger time frames however, don’t support the view as indicators are turning to the downside. Better upside confirmation will come above yesterday’s high of 1.0712.”

Bednarik, : sharing her today levels“Support levels: 1.0670 1.0630 1.0600. Resistance levels: 1.0710 1.0740 1.0780.”

• USD/CHF

USD/CHF (Aug 27 at 15:37 GMT)

1.0676/84 (-0.07%)

H 1.0704 L 1.066

S3	S2	S1	R1	R2	R3
1.0613	1.0639	1.0666	1.0690	1.0717	1.0743

Trend Index	OB/OS Index
Neutral	Neutral
Data updated on Aug 27 at 15:30 (15-minute timeframe)

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