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Analysis

Chart of the day: USD/CHF

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. 

 

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