USD/CHF appears supported at 0.9800 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could be well supported around the 0.9800 handle.

    Key Quotes

    USD/CHF has sold off and eroded the 55 day ma – it has also eroded the .9868 2015 uptrend, but we suspect it will struggle to maintain losses at this point below .9800”.

    “Below the market we find the 3 month uptrend at .9703 and the 200 day ma at .9655.We have conflicting intraday signals at this point and we will simply exit our remaining shorts and wait for another signal”.
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