The USD/CHF pair edged lower through the early European session and is currently placed near the lower end of its weekly trading range, around the 0.9715 region.
The pair met with some fresh supply on Wednesday and extended the previous day's rejection slide from the 0.9800 mark, or the very important 200-day SMA amid some renewed selling around the US dollar.
The latest optimism over the slowing spread of the coronavirus and a move to re-open economies in some parts of the world continued denting the greenback's status as the global reserve currency.