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[Victor]

USD/CHF: Consolidation expected, after some decline on Friday
FXstreet.com (Barcelona) – The Dollar declined on Friday after three days of gains, according to Cornelius Luca, economist at Global Forex Trading: “Dollar/Swiss fell on Friday after three consecutive days of gains after failing to surpass the 100-day moving average. Monday should see only consolidation.”

Support and Resistance, according to Luca, stand as follows: “Immediate support is seen at 1.0395. Below 1.0375 there is support at 1.0310. Distant support follows at 1.0215. Initial resistance is pegged at 1.0460. A break above 1.0533 would signal a spike up to 1.0622, but this unlikely today.”

Source: fxstreet.com