The Swiss looks damaged on the charts this morning. The failure to hold 1.1269 could facilitate technicalselling pressure later this morning, especially if US Durable goods readings come out on or above expectations.We can’t rule out a return to the early March lows of 1.1252 in the coming trading sessions.
Technical Outlook: Momentum studies trending lower at mid-range could accelerate a price break ifsupport levels are broken. The market’s close below the 9-day moving average is an indication the short-termtrend remains negative. It is a slightly negative indicator that the close was under the swing pivot. The nextdownside objective is 112.28. The next area of resistance is around 113.87 and 114.28, while 1st support hitstoday at 112.87 and below there at 112.28.