Chart of the day: USD/CHF

Blake Morrow Forex Analytix

The Swissy closed at some key support spawning all the way back to the 2018 lows. The .9180/90 levels have acted as support or resistance on many occasions and today is probably no different. However, today we know that the USD/CHF and 10yr yields have a fairly strong correlation, and with today's 10yr yield looking vulnerable, the risk may be for the USD/CHF to break the .9200 level and move towards the 200dma at .9100. Bulls should be careful if the .9180 level is broken.

Author

Blake Morrow

Forex Analytix

Blake Morrow spent most of his professional career as the Chief Currency Strategist for Wizetrade group for 15 years, and then the Senior Currency Strategist for Ally Financial after the acquisition of Tradeking which owned the Wizetrade Group.

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