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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 903
Posted: Feb 22, 2010 5:00
Comments: 903
Forum Topic:
CHF
Discuss CHF
I have my loan in CHF vs NOK, which is no good when Switzerland is a safe haven... I had an idea coving thi "short" when it was 5.9 in April, but my broker told me that CHF will go weaker. So did not happen, and I am afraid CHF may go stronger and stronger as Euro zone countries start to defaalt, and also if US collaps, CHFNOK could possible reach 7+.
Need an advice please !
Barclays Techs on USDCHF
DOLLAR-SWISS: Barclays Capital technical analysts say after testing
trend resistance earlier in the week, dollar-Swiss has been edging lower
again. They say "as momentum rolls bearish from overbought levels, we
would view a close below Chf0.8780 (overnight low) as targeting a return
to Chf0.8550." Barring a rally back over Chf0.8975 (trendline), the
analysts prefer "to stay bearish (short below Chf0.8895). Dollar-Swiss
holds at Chf0.8802 currently (range Chf0.8781/Chf0.8848)
Ashraf
Kam