Friday, May 2, 2008

Post NFP assessment


USDCHF has put in a day's work with 122 pips from the bang. I don't expect much more upside today as traders square ahead of the weekend. There are rumors of Russia revaluing their ccy which means wild spikes and that means banks will be exiting or hedging ahead of close today.



We'll be looking to take 15minute trendline breaks as usual but our targets today are very tight.





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