USD/CHF is eyeing a break back below parity and if this is seen, look for the 200 day moving average and 50% retracement of the early April run higher at 0.9950-0.9960 as being the next obvious line of support.
USD/CAD has now made a sustained move below the 100 day moving average at 1.3280 and is eyeing a break below the 200 day MA of 1.3220. If this is successful, look for a return to the run of February closing lows around 1.3070
This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.