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CHFNOK closed below key long-term trendline...>

FOREX
FOREX: CHFNOK closed below key long-term trendline support and the 200-dma
(first time since mid-Oct) yesterday, as highlighted in our MNI Analysis email
(CHFNOK Resting on Trendline Support - 1229BST).
- Rate touched pullback lows of Nok8.4699 and brings the Feb 5 year-to-date low
into view at Nok8.4513, ahead of the 50% retracement level of 7.9579-8.9260 at
8.4420.
- It's also worth noting seasonality trends have seen CHFNOK lower in April
fifteen of the last nineteen years, currently -2.20%.

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