The CHF crosses are headed lower again as early Europe enters the fray. The break below 1.4650 in EUR/CHF was a major technical event and we are now seeing some longs bailing out of positions in GBP/CHF, AUD/CHF and other more exotic crosses. EUR/CHF is currently quoted at 1.4610 and the next target is 1.4520, as per Kyles’ technical piece from earlier today.