USD/CHF licks its wounds near 0.9750, after falling the most in a month the previous day, as traders await the week’s crucial catalysts during early Thursday. Also challenging the Swiss currency pair could be the mixed risk signals.

While portraying the mood, the US 10-year Treasury yields extend Wednesday’s pullback from the highest levels since mid-June to 3.23% whereas the S&P 500 Futures fades the bounce off the lowest levels since July 19 as it seesaws around 3,980 by the press time.

The USD/CHF is pulling back after reaching a solid weekly high at around 0.9869, set during the overlap of the Asian/European session, courtesy of market sentiment shifting sour. Nevertheless, as the North American session progressed, investors’ mood improved, as seen by US equities trading in the green.

In the USD/CHF case, the Swiss Franc strength dragged prices lower, so far clearing on its way south the 0.9800 figure.

Short term, the USD/CHF four-hour chart, illustrates a formation of a triple-top chart pattern, and so far, the major is retreating from weekly high levels, approaching the “neckline” around the 0.9766 area. A decisive breach of the latter could send the major tumbling towards the triple-top measured target at 0.9660, but first, it will need to overcome some hurdles on its way south.

The USD/CHF first support would be the bottom-trend line of an ascending channel drawn since August 11, around 0.9720, followed by the 0.9700 figure, followed by the 100-EMA at 0.9680.

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