The USDCHF was able to break the 38.2% Fibonacci level (now support level) back on 8/8 and has been in a nice trading range ever since. On 8/26, the pair was able to make a head fake above the key resistance of 1.1040, but was unable to build momentum dropping back into the range. The USDCHF has tested the resistance a few times today during the Asian session with no success of breaking through. We'll see if these levels hold as key CHF economic data is released at 1:45 AM.