From dizzying highs to break through the overnight lows, it’s a rollercoaster for Swiss traders.

EUR/CHF has come off the 1.0383 high to post 1.0088

USD/CHF has fallen from 0.9168 to 0.8936

While there’s not much on the tech front for EUR/CHF there are some levels to keep an eye on in USD/CHF

The original SNB move pulled up almost bang on the 61.8 fib of the 2011 swing and since then the Jan 2013 support line has done a job in keeping the price up.

USD/CHF Weekly chart 27 01 2015

USD/CHF Weekly chart 27 01 2015

Today’s move has pulled up at the close proximity of the 55 and 200 wma’s at 0.9173 and 0.9155. I expect we’ll see support around 0.8900 and 0.8800/10 looks to be a decent point, followed by 0.8765/70 then 0.8700/20. I’m more encouraged to trade swiss vs USD than I am vs the euro right now as at least there’s some levels to look at.