BNP Paribas on USD/CHF

Market news

16 March 2011

BNP Paribas on USD/CHF

USD/CHF posts a record low around Chf0.9070. BNP Paribas chief technical analyst Andy Chaveriat says the Chf0.9010/Chf0.9000 remains the key target and psychological barrier, with Chf0.9202 (the March 2 low) acting as "first resistance". On the downside, breaking under Chf0.9000 would target "down channel" support at Chf0.8922 and then Chf0.8887/Chf0.8828.

GBP/USD under $1.6000

Dow -180.59 at 11674.83, Nasdaq -35.06 at 2632.27, S&P -18.45 at 1262.60

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