Chart Of The Day: USD/CHF
Blake Morrow | Apr 13, 2021 05:22PM ET
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 USD/CHF and 10-year yields have a fairly strong correlation, and with today's 10-year yield looking vulnerable, the risk may be for USD/CHF to break the .9200 level and move towards the 200-day moving average at .9100. Bulls should be careful if the .9180 level is broken.
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