USD/CHF – As a result of Friday’s depreciation of the US dollar caused by Janet Yellen speech in Jackson Hole conference, the USDCHF broke local support at 0.9600. Although today market has opened up with a bearish gap, it has been quickly closed and we have been seeing declines for several hours again. Technically, this trend could continue even to around 0.9445. In short term, therefore, it is worth considering PUT option on this instrument.

USDCHF H4

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CAD/CHF – Like USD/CHF, on Friday the market beat local support, which today was re-tested from below and rejected (as resistance). It should be noted that this level coincided with the 38.2% Fibonacci correction, where a strong supply response occurred. If today’s minima are defeated, we could expect continuation of declines. Therefore, consider PUT option on this instrument.

CADCHF H1
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