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💱CHF, NZD Directional Trend Diverge: Cable FX Macro

Writer's picture: Rosbel DuránRosbel Durán

**As seen in FX Quotes report 04/21/23, subscribe at cablefxm.co.uk/reports


  • The G10FX tracker confirmed downward directional trends in NZD and JPY, the opposite is seen in CHF and SEK

  • The latest weekly returns are less extensive in CHF and SEK, a similar move was recorded in the yen

  • NZD declines by 1.14% in the latest week, this follows a 0.69% drop from the prior period. This divergence is seen with CHF, which posted marginal weekly gains of 0.11% following a 1.31% rise

  • The dollar pared back a prior week of losses after posting an increase of 0.31%. FX performance was skewed towards downside vs the dollar, we're yet to see if any continuation of losses in JPY, NZD, CAD, NOK, and AUD place these in the lower bottom quadrant



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