Trade view /
11 August 2017 at 5:53 GMT
After Wednesday’s aggressive change in investor sentiment, yesterday's trading was more subdued. An initial rally proved limited but failed to attract significant selling interest. So USDCHF was caught tightly within less than half of Wednesday’s parameters. This "inside" day does highlight investor uncertainty but it is the weakness of profit-taking, coupled with renewed downside in Asia, that suggests an underlying bearish tone for sentiment.
Management and risk description
A move to 0.9578 means the stop can be lowered to break even.
Sell in 0.9605/10 area and at 0.9633.
0.9578, 0.9552 and 0.9514.
Intraday, ending 1500 GMT.Weak rally
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— Edited by Susan McDonald
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