USD/CHF: The Swiss franc advanced to a near 4-week peak, as weak Chinese PMI data and concerns about the progress of U.S.-China trade talks dented investor risk appetite. The major trades 0.8 percent down at 0.9938, having touched a low of 0.9936 earlier; it’s lowest since February 1. On the higher side, near-term resistance is around 1.0024 (February 22 High) and any break above will take the pair to next level till 1.0054 (February 18 High). The near-term support is around 0.9921 (January 25 Low), and any close below that level will drag it till 0.9889 (December 7 Low).
USD/CHF 60 min chart