$USDCHF

$USDCHF  was lower overnight and testing support marked by the 20-day moving average crossing at .10226. Closes below the reaction low crossing at .10112 would confirm that a short-term top has been posted. 

If September renews the rally off July's low, the 38% retracement level of this year's decline crossing at .10487 is the next upside target. 

First resistance is last Monday's high crossing at .10366. 

Second resistance is the 38% retracement level of this year's decline crossing at .10487. 

First support is the reaction low crossing at .10112. 

Second support is July's low crossing at .10040.