Usd/Chf has been stuck in a tight range in during a very quiet Asian session. The pair is just starting to show signs of life with a methodical move above its 200 hour M/A of 1.0603. It is also trading  just at the 50% Fibo retracement of the move down from 1.0661 to 1.0561.

If the pair could hold above 1.0603 (200 hour M/A) look for a move to 1.0625-30 where we should find some resistance. A further push should bring Usd/Chf to 1.0655-60 signifying a full retracement.

A failed break should send Usd/Chf back to 1.0585-90 and then eventually to the 100 hour M/A of 1.0577 where good support should lie.

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