💱🔺 Swiss Franc Deviation to 100DMA Reaches Highest Since November: Cable FX Macro
- Rosbel Durán
- Oct 10, 2023
- 1 min read
**As seen in Macro Walk report 10/06/23, subscribe at cablefxm.co.uk/reports
The valuation section in our Macro Walk report showed the USD/CHF rally taking spot/100DMA deviation to the highest levels since November, last at 2.46%
Back in July, the pair bottomed below 0.8600. August and September saw gains, taking the spot a little above 0.9200
Las month's rally saw the longest losing streak in the USD/CHF since the 1970s
We're now comparing to previous episodes of extensions in price. While current levels might look stretched, early 2022 recorded spot/DMA deviations closer to 8.0%. As of our last update, USD/JPY holds the widest deviation in the group at 3.40%
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