USD/CHF: Stop Clear Out Continues But Swiss Names Now Buying

A large number of stops were reportedly cleared away on the move from 1.1945 to 1.1905 and there is talk of further orders tight under 1.1900. The current stalling in the 1.1905-10 area is being blamed on reasonable demand from Swiss players but so far the buying has failed to push the Buck back above 1.1920. Risk remains for a drop to 1.1885, the Dec 5 low.