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CHF/JPY Sees Support at Uptrendline

FOREX
  • CNH, JPY pressing higher still through the NY crossover despite quieter trade across EUR, GBP markets.
  • USD/CNH breaking toward the lowest levels of March 6.8634. Weakness through here opens the 50-dma at 6.8377 and would erase 50% of the Jan - March upleg in the pair.
  • CHFJPY has traded through the Friday lows, but the 2023 uptrend remains in tact for now. Uptrendline support drawn off the mid-Jan lows could slow any further decline at 145.37. A break through here opens the 100-dma at 144.58.

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