$USDCHF

$USDCHF gapped up and closed higher on Wednesday renewing the rally off July's low. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. 

Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If December extends today's rally, the 25% retracement level of the 2011-2012-decline crossing at .11090 is the next upside target. Closes below the 20-day moving average crossing at .10713 would confirm that a short-term top has been posted. 

First resistance is today's high crossing at .10861.
Second resistance is the 25% retracement level of the 2011-2012-decline crossing at .11090. 

First support is the 20-day moving average crossing at .10713. 

Second support is the reaction low crossing at .10609.