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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 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.

 

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