Blake Morrow’s Chart of The Day – Apr 14th 2021
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 USDCHF and 10yr yields have a fairly strong correlation, and with today’s 10yr yield looking vulnerable, the risk may be for the USDCHF to break the .9200 level and move towards the 200dma at .9100. Bulls should be careful if the .9180 level is broken.