USD/CHF slows decline, consolidates around $0.9380

• USD/CHF halts decline, fails to climb higher.
• Heavy news week promises knock-on market action for the pair.

USD/CHF stumbled sideways through Tokyo,  ranging between $0.9365 and $0.9393, trading around $0.9380 just ahead of the London market session.

The US Dollar has struggled to lift itself against the Swiss Franc recently, trading softly up against the Franc yesterday, rebounding from fresh two-year lows for the pair. USD/CHF can expect to get knocked around this afternoon following the release of EZ GDP results for the last quarter of 2017, and the US Dollar poses a risk to all major pairs this week with Non-Farm Payrolls dropping on Friday at 1:30 GMT.

USD/CHF Technicals

USD/CHF has priced in fairly solid intraday tech levels, with support and resistance given by swing points at $0.9365 and $0.9390, respectively. H4 and Daily charts are showing extreme oversold conditions, especially on the 4-hour chart, with MACD and RSI both showing recent crossovers into buy signal territory, while indicators on the Daily charts have so far abstained from any direct signals yet, with price trading far below the 200-day SMA.