Talk of a softer than expected NAHB release and USD/CHF has eased back. However, bids into the 1.2100 area are propping the price against a deeper pullback. Below 1.2075/80 support is eyed while more sellers are camped into the 1.2150 area should the Dollar bounce on any sign of expectation-beating releases.
Elsewhere, The Franc remains consolidative on the crosses with EUR/CHF stalling have regained a 1.61 handle. GBP/CHF touched 2.3611 into the North American open but offers around the figure kept the topside limited on the initial break higher and the price is now working 2.3550/3600 on the wide.
Against the Yen, the CHF looks slightly better bid as Asian equity volatility keeps the Yen on the ropes. The rally to 97.27 failed to hold overnight but the cross has consolidated the move higher with bids into 96.80 propping the pullback.
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