$USDCHF closed sharply lower on Thursday. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading.
Stochastics and the RSI are overbought and are turning neutral to bearish hinting that a short-term top might be or is near. Closes below the 20-day moving average crossing at .10701 would confirm that a short-term low has been posted. If March extends the rally off November's low, October's high crossing at .10874 is the next upside target.
First resistance is November's high crossing at .10842.
Second resistance is October's high crossing at .10874.
First support is the 20-day moving average crossing at .10701.
Second support is November's low crossing at .10555.
