Flows and Orders/FXWW News/Others

USD/CHF: Macro-fund stops targeted below .9130

EUR/CHF has fallen since the Fed no-taper decision which doesn’t seem to make a whole lot of sense but it’s all about where the stop-loss orders are. One of the big Prime Brokers reported yesterday that there were large macro-fund stops in USD/CHF and they have either been targeted, or the longs have gone to market. Next technical support in Swissy is at .9020.

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