$USDCHF

$USDCHF  closed lower on Tuesday and below the July-August uptrend line crossing near .10656 confirming that a short-term trend change has taken place. The low-range close sets the stage for a steady to lower opening when Wednesday's night session begins trading. 

Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this week's decline, the 38% retracement level of the July-September rally crossing at .10550 is the next downside target. Closes above the 20-day moving average crossing at .10717 would confirm that a short-term low has been posted. 

First resistance is last Friday's high crossing at .10793. 

Second resistance is September's high crossing at .10838. 

First support is the reaction low crossing at .10609. 

Second support is the 38% retracement level of the July-September rally crossing at .10550.