Fears of more slowing from Russian sanctions and dominating action toward the Dollar should leave the Swiss in a downward track on its charts ahead. The next logical support zone and targeting in the DecemberSwiss is seen at 1.0291.
Technical Outlook: Daily stochastics are trending lower but have declined into oversold territory. Themarket’s close below the 9-day moving average is an indication the short-term trend remains negative. Thedownside closing price reversal on the daily chart is somewhat negative. It is a mildly bullish indicator that themarket closed over the pivot swing number. The next downside objective is now at 102.76. The next area ofresistance is around 103.68 and 104.21, while 1st support hits today at 102.96 and below there at 102.76.