USD/CHF slips to two-week low as dollar eases a little on the session
Technical Analysis
USD/CHF touches its lowest level since 1 July
For USD/CHF, sellers are back in near-term control and are poised to search for a further extension lower if they can navigate a firm break below the 0.9800 handle.
Looking at the bigger picture:
Sellers have the momentum on their side now and could be looking towards a retest of the 10 January support @ 0.9716.
That said, it's still early in the week so let's see how things will play out in the coming sessions and what markets will choose to focus on. Tomorrow, we'll have the release of US retail sales data so there's also that to consider though the Fed focus will ultimately outweigh that in the bigger picture.
