The sharp reversal in the Gold price overnight has thrown then focus back onto other risk-aversion trades, with few bigger in recent times than USD/CHF.
Last week when we got to .8000, we heard of big stops just above .8010, but these were kept safe by some heavy selling interest. Both interests are still in place and I would expect to see some sharp gaps higher if we indeed can break clearly above .8010 on this occasion.
USD/CHF is grinding slowly higher in Asian trade, now at .7940 having opened near .7915.