USD/CHF appears vulnerable – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, reiterated the pair remains under pressure and could test 0.9897.

    Key Quotes

    USD/CHF is under pressure near term and focus is back on the 55 day ma at .9897 today, the near term risk is that we will see further weakness beyond here”.

    “Intraday rallies are indicated to terminate circa 1.0060/1.0110 for losses towards the .9868 2015 uptrend and then the 3 month uptrend at .9697 and the 200 day ma at .9654”.
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