$/CHF

$/CHF looking like it has no bottom, having stochs strongly oversold for a while now...

$/CHF may retrace a little here as it has been very heavily sold and stochs have been oversold for a while:

Swiss making over a 100% reversal move as it continues to trade lower in a market that has become very $ negative:

$/CHF flirting with its 61.8% retracement level on a 4 hr:

$/CHF getting paid here in its consolidation pattern. It could go as high as the red line above the formation and still keep in its consolidation pattern so keep an eye out for that level (~1.1105).

$/CHF is in a range here on an hourly but stochs are negatively converged:

$/CHF holding its trendline so far as we were expecting as swiss trades a ~1.0957 during London and back up to to present level of 1.0980.

If you have been following our London desk $/CHF commentary, it looks like the pair may have satisfied the retracement level which we targeted before NY came in today. Our commentary posted ~7.30 am NY time yesterday morning read:

"$/CHF as steeply paid as its $ relative $/JPY. However, what goes up must come down and there may be a retracement in the works so new longs wanting to get into the action may be waiting to enter until a retracement level has been satisfied. Next retracement levels are: 1.0975 and 1.0955."

$/CHF as steeply paid as its $ relative $/JPY. However, what goes up must come down and there may be a retracement in the works so new longs wanting to get into the action may be waiting to enter until a retracement level has been satisfied. Next retracement levels are: 1.0975 and 1.0955.

$/CHF getting offered here as it failed on its previously mentioned level (1.0935). $ has a generally weak tone to it this evening, though the moves have been proportionately small.

Indicative: 1.0896