USD/CHF is consolidating gains after rebounding from an attempt to push prices through 1.1000 barrier. Intraday resistance lies at 1.1100/05 though small stop-loss orders are perched jusy above that level. 1.1090 has been the rebound high thus far from 1.1005 lows.
Some suspect the guys protecting 1.10 may look to sell some USD/CHF into rallies, allowing them to roload for further defense down the road. A fall in US equity prices is keeping EUR/CHF under pressure, helping keep USD/CHF bounces more muted than they otherwise would be.
