[B]Commentary[/B]: We wrote yesterday that “a push through 1.2064 would satisfy minimum expectations so be wary of getting long on a break through that level.”
After a spike to 1.2079 yesterday, the USDCHF appears headed for a test of 1.1960. A break of 1.1960 exposes 1.1877. [B]Strategy[/B]: Bearish now, against 1.2079, target TBD