Implications: Bottoming
CHF: The readings are at 33 and 0 for the 52 and 13 week indexes. The 13 week index has moved to 0 for the first time since December (when the USDCHF topped at 1.1594). Exrtemes usually last at least 2 weeks so a turn towards CHF strength is more likely next week than this week. Still, risk has shifted to the upside (towards CHF strength).
