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The Swissie is the first major that is breaking out and leading the charge vs the USD

The FX majors comparison chart below shows that the CHFUSD has been leading the charge amongst the majors as it has been acting as a safe haven when the global markets were selling off last week, together with the Yen and Gold. The CHFUSD is likely to continue to post gains if the USD continues to weaken. The EURUSD tagged its long term (LT) mean on Friday and is at an important juncture. All eyes next week on the USD Index and how it interacts with its support zone of LT mean and T-line.