Blake Morrow’s Chart of The Day – Feb 19th 2021

USDCHF

With US yields moving higher, one of the stronger correlations is the USDCHF. The “Swissy” has been consolidating recent gains as we approach a long term trend line (since spring of 2020) which may give was as rates push higher in the bond market. If the .9000 level is broken a quick move towards the 200dma near .9155 may be the next stop for the pair.