Free Trial

Having previously based ahead of.......>

DOLLAR-SWISS
DOLLAR-SWISS: Having previously based ahead of long-term up trendline support,
USDCHF breached down trendline resistance yesterday extending the move toward
key technical levels from the 100 & 200-dma. We highlighted this in an analysis
email yesterday (USDCHF Extending The Uptrend - 1302GMT). USDCHF did break the
100-dma but failed to close above, putting focus back on this today. The 100 &
200-dma come in at Chf0.9883/95, a break above would be the next bullish signal,
targeting the Jan 2 high & 50% retracement level of Chf1.0128-0.9716 at
Chf0.9920/22.  

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.