USD/CHF slips below 0.92 handle, lowest since June 2015

   •  USD continues losing ground across the board.
   •  Risk-on mood does little to lend any support. 
   •  US economic data eyed for fresh impetus. 

The USD/CHF pair extended its bearish slide for the fourth consecutive session and weakened below the 0.9200 handle, or 32-month lows. 

The US Dollar continues to lose ground even as the incoming economic data has been pointing to the underlying strength in the domestic economy and has been one of the key factors weighing heavily on the major. 

Meanwhile, a subdued action around the US bond markets did little to lend any support to the greenback, which already seems to have eroded its yield advantage. Even a slight improvement in investors' appetite for riskier assets, which tends to weigh on the Swiss Franc's safe-haven appeal failed to stall the pair's downfall to the lowest level since June 2015.

With the USD price dynamics turning out to be an exclusive driver of the pair's momentum, today's US economic docket, featuring the release of housing market data and Prelim UoM Consumer Sentiment, would now be looked upon for some immediate respite for the bulls. 

Technical levels to watch

A follow-through selling pressure has the potential to continue dragging the pair further towards 0.9155-50 intermediate support en-route the 0.9100 handle and May 2015 low support near the 0.9075-70 region.

On the upside, 0.9220 level now seems to act as immediate resistance, above which a bout of short-covering could lift the pair towards 0.9260 horizontal resistance ahead of the 0.9300 handle.