USD/CHF: Housing Related Rally Sparks Quasi-Official Re-Test

The robust US housing numbers have sparked a US unit rally and spot has return to re-test the low 1.2180's, where coincidentally the pair stalled yesterday on selling from a quasi official fund. More sellers are seen into the 1.2190's back to 1.2200 should the move higher continue while stops are seen above 1.2205.