$USDCHF was lower overnight as it extends last week's decline.
Stochastics and the RSI have turned bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at .10715 would confirm that a short-term top has been posted while opening the door for additional weakness near-term. If March renews 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 is October's high crossing at .10874.
First support is the 20-day moving average crossing at .10715.
Second support is November's low crossing at .10555.
