The June Swiss Franc posted an overall contract high at 6390 and an overall low at 6333 during yesterday's Globex session. SFM opened higher yesterday and traded sideways for most of the day to finally settle +32 bp at a contract high settlement at 6377. SFM posted an IMM high at 6389 and an IMM low at 6362. The 9-day RSI rose to 70.9 from the previous session's 67.3 where it is high. The short and intermediate- term trends are bullish with yesterday contract high and contract high settlement. The long-term trend is neutral with SFM in the middle of a wide 10-month range. Primary resistance levels for SFM are: 6390 and 6536. Primary support levels for SFM are: 6333, 6254, 6183, 6039, 5965, 5934, and 5918. Theoretical basis for today: -2 IMM bp.
SUPPORT/RESISTANCE LEVELS -- CASH DOLLAR-SWISS FRANC
1.8298 23-month high (10/26/00) 1.8223 19-month high (7/6/01) 1.7392 10-1/4 month high (7/23/01) 1.7225 9-3/4 month high (Feb 1) 1.7132 3-1/2 month high (Mar 12) 1.6861 2-1/2 month high (Mar 28) 1.6785 1-3/4 month high (Apr 9) 1.6715 1-1/2 month high (Apr 16) 1.6673 1-1/2 month high settle (Apr 15) 1.6194 3-week high (Last Wed) 1.6149 3-week high settle (Last Tue) 1.5808 Yesterday's high *1.5686 1-1/3 year low settle (Wed 2pm) 1.5661 1-1/3 year low (Yesterday) 1.5427 2-1/2 year low (1/5/00) 1.4540 3-year low (10/15/99) 1.3404 3-1/2 year low (1/13/99) 1.2747 5-1/2 year low (10/8/98) 1.1850 6-year low (7/31/96)
RETRACEMENTS-- CASH DOLLAR-SWISS FRANC
10-month .2562 downmove from 1.8223 (7/6/01) to 1.5661 (Yesterday)
HIGH 3/4 2/3 .618 1/2 .382 1/3 1/4 LOW 1.8223 1.7582 1.7369 1.7244 1.6942 1.6640 1.6515 1.6301 1.5661
SUPPORT/RESISTANCE LEVELS -- SWISS FRANC FUTURES (SFM02)
6536 2-1/2 yr high wkly nrst (1/3/00 H00) 6390 Contract high (Yesterday-Globex) 6389 Yesterday's IMM high *6377 Contract high settle (Wednesday) 6366 Pivot Point 6362 Yesterday's IMM low 6333 Yesterday's overall low (Globex) 6254 Last Friday's low 6196 3-week low settle (Last Tue) 6189 30-day moving average 6183 2-1/2 week low (Last Wednesday) 6118 50-day moving average 6051 200-day moving average 6039 1-month low (Apr 23) 6031 100-day moving average 5972 1-3/4 month low settle (Apr 15) 5965 1-1/2 month low (Apr 16) 5943 2-1/2 month low settle (Mar 28) 5934 2-1/4 month low (Mar 27) 5918 2-3/4 month low (Mar 8) 5857 3-3/4 month low settle (Feb 26) 5842 3-3/4 month low (Feb 26) 5813 10-month low & low sttl (Jan 31) 5488 5-yr lo wkly nearest (10/23/00 Z00)
RETRACEMENTS-- SWISS FRANC FUTURES (SFM02)
3-1/2 month 577 bp upmove from 5813 (1/31/02) to 6390 (Yesterday)
HIGH 1/4 1/3 .382 1/2 .618 2/3 3/4 LOW 6390 6246 6198 6170 6101 6033 6005 5957 5813