Currency traders favour Swiss franc in risk on environment
In a market favouring the risk-on trade, the Swiss franc has been in receipt of heightened activity in the currency markets. The CAD/CHF is trading at 0.9185 as it pushes to a fresh year-to-date low. Indicators point to the next area of resistance to be at December's low of 0.9147, however, a break of that level should see a large move to our projection area of 0.8937.
Other notable franc pair moves were; NZD/CHF 0.7749 -0.22%, GBP/CHF 1.4579 -0.20% and USD/CHF 0.9241 -0.19%.
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