FXStreet (Mumbai) - The USD/CHF pair faced a double whammy in early moves from broad US dollar weakness and from resurfacing risk-off sentiment as the mixed China data remain a drag. Swiss franc gains on risk-aversion Currently, the USD/CHF pair trades -0.13% lower at fresh session lows of 0.9532, testing the hourly 20-SMA support located at 0.9530. The USD/CHF halted its recovery at 0.9550 levels and met fresh supply, now reverting to the red zone as risk-aversion seeps back in markets as the European traders hit their desks, digesting mixed data flow from China. Moreover, the renewed selling-off in the US dollar triggered by the turnaround in the risk sentiment on falling Asian stocks also dragged the pair lower. The USD index drops -0.13% to 94.62 levels. In the day ahead, the sentiment on the European and the US stocks will determine further direction on the pair. While the major may take fresh cues from Fed speaks due later in the NY session. USD/CHF Technical Levels To the upside, the next resistance is located 0.9550/0.9554 (Today’s High & Oct 15 High) levels and above which it could extend gains to 0.9598 (hourly 200-SMA). To the downside, immediate support might be located at 0.9506/00 (daily S3 & round number) and below that at 0.9473 (Oct 15 Low) levels. For more information, read our latest forex news.