With traders mindful of the report today that says the SNB is willing to tolerate a CHF as firm as 1.30 versus the EUR, if you want to get short of dollars, the USD/CHF is a suddenly sexy way to play.
We’ve been as low as 1.1293 so far. Support is down at 1.1268.
Traders report heavy buying interest went through in the 1.2320s but supply remains abundant, so far.
