Jamie's Pick: 05/27/11
The USDCHF has broken down to a fresh record low and focus is on Fibonacci extensions at 8458 and 8157. Also keep an eye on the support lines that extend off of lows from recent months. Keep in mind that the CHF is still a low yielding currency and that US yields appear to be forming a low. As such, I am on the lookout for opportunities to sell the JPY and CHF in early June (buy USDCHF and USDJPY).
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