USD/BRL ( Brazilian Real)…USD/CHF ( Swiss Franc)…USD/CAD ( Loonie)

177.70 ish USD/BRL should be a reasonable Risk On barometer. Under this USD/BRL level,  Risk assets will be in vogue. Over, ( trading towards 180) Risk assets will be less attractive.

The Swiss Franc keeps attempting to come back to the 93.80 area. Closing over this level will see the Suisse weaken further. Short term stops now rest just over 93.30 ish USD/CHF ( app 107.05-106.90 front month Futures).

EUR/CHF…This cross looks to be headed toward 127. A close below 121 and we go the other way. Short term buy stops rest just over 124.75.

We are currently trading @ 124. I’m including this in my comments for one big reason, If you don’t have a good sense of the crosses, trading the outright Dollars will lose you a lot of money!

USD/CAD….Dollar stops rest just under 100.80 ( Over app 99.20 futures). 100.30 ( app 99.75 futures) is the next significant Fib.

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