USD/CHF: Elicits Support at 1.2400, Resistance at 1.2421

USD/CHF has elicited support circa 1.2400, following its earlier break below 1.2421 on general demand for the CHF. 1.2421 was Friday's low, plumbed amid talk of a hedge fund liquidating positions. A 10-day peak of 1.2537 was scaled Friday, prior to the slump to 1.2421. 1.2421 is now a rebound resistance level. Upper obstacles: 1.2430 (today's Asian session base), and 1.2447 (today's Asian session high). 1.2386 (last Tuesday's low) is a sub-1.2400 support point.