If you want to short the Swiss Franc, you could short the FXF which moves in correlation with the currency. The longer-term chart is bearish, although on the short-term chart (inverse above), round numbers, especially 1.00, have a strong tendency to be support or resistance especially after such a collapse in the CHF - rally in the USD - recently, so a pullback would not be unexpected in the short term, meaning you might want to wait a tad before shorting the FXF to insure it will not find support here.
No comments:
Post a Comment