USD/CHF: Fails To Concrete Push Into 1.2730's

Today is a great day to trade for short-term players as the constant oscillations in the Dollar force USD/CHF to peak-&-trough within the clearly defined short-run ranges. The latest failure to sustain the push into the 1.2730's has forced intraday players to unload and this will have undoubtedly aided the pullback to 1.2695/2700 support. Bids are in place at these levels and these should prop the dip and once the downward momentum has been flattened we expect to see a further bounce. Against the Euro the Franc is also consolidating at the lows with offers in EUR/CHF at 1.5945 standing in place to limit any tests of the 1.5950 level.