Free Trial

USD weakness/broader risk-off flows....>

DOLLAR-SWISS
DOLLAR-SWISS: USD weakness/broader risk-off flows evident in recent sessions has
pressured USD/CHF, resulting in a break and close below trend support running
from the Sep 2018 lows on Monday, along with the first close below the 200-DMA
since March. Bears now target psychological support, coupled with several daily
lows from late March layered around CHF0.9900. Below there, bears will target a
break of the 50% retracement of the move from CHF0.9542 to CHF1.0237 at
CHF0.9890.
- To look for a reversal bulls need to clear broken trend support which comes in
around CHF0.9943 today, followed by the 200-DMA.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.