FX Thoughts for the Day


USD-CHF @ 0.8958/61…Can fall further R: 0.9030-60 / 0.9150 S: 0.8900 / 0.8850 / 0.8800-8760 After being ranged between 0.9080 and 0.9150 initally last week, Dollar-Swiss witnessed a sharp fall to close lower below the psychological level of 0.9000 for the week. Immediate Support is there at 0.8900 and then significant Supports seen at 0.8850, 0.8800 and 0.8780-60 region. Strong Support is seen in 0.8780-60 region which includes 0.8779 on the weekly chart, 0.8771 – the 200-DMA and then 0.8760

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