$USDCHF

$USDCHF closed higher due to short covering on Tuesday as it consolidated some of last week's decline. The high-range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. 

Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. Closes below the reaction low crossing at .10678 would confirm that a short-term low has been posted. 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 resistance is October's high crossing at .10874. 

First support is the reaction low crossing at .10678. 

Second support is November's low crossing at .10555.