It’s been a turbulent time on CHF pairs as we know with spreads still wide and price action volatile

This morning’s session has seen USDCHF retreat to 0.8720 from o/n highs of 0.8838 having finally breached 0.8800 but unable to sustain those gains

I’ve highlighted the decent EURCHF resistance between 1.0250-60 on a few occasions now and we’ve held again with highs around 1.0231 (still not a precise science) before giving up and testing the bids at 1.0100 this morning

Both pairs still looking a little offered as I type but demand seen into further dips

The moves are all relatively tight compared to what we saw at the end of last week but these are still some extreme swings given the usual price actions prior, and caution on CHF pairs is still very much advised