DOLLAR-SWISS: Those looking for yen direction, have been paying close
attention to the Swiss franc lately, since these two currencies
have traded in lockstep recently. Dollar-Swiss slipped to a low around
Chf1.0096 earlier, before rebounding to current levels at Chf1.0127.
Andy Chaveriat, global FX technical strategist at BNP Paribas, says
Wed's "Chf1.0065 doji low (daily candlestick charts) is a potentially
bullish reversal point." The low seen in US action Thursday, "is
arguably a secondary low on the hourly chart, implying the choppy rise
has room to extend," he says. Bullish hourly momentum suggests scope for
a short term move to retest Chf1.0185 (overnight high), with potential
extension to stronger resistance at Chf1.0220, seen as a "sell zone,"
Chaveriat says. Traders warn of stop-loss sell orders on a clear-cut
break below Chf1.0050,