Chf
The general trend for the dollar against the SWISS Frank was neutral because of the low levels of trading volume due to the key support at 1.2160s and the key resistance1.2205; the technical indicators show the downside move, therefore we expect that the pair might move down until the major support level at 1.2140s as long as the pair stays below 1.2220s resistance level.
The trading range for today will be between the key resistance at 1.2140s and the key support at 1.2040s.
The general trend is down as far as 1.2680 remains intact, targets at 1.1875 and 1.1665.
selling USD/CHF below 1.2215 with a target at 1.2160, stop loss above 1.2265.
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