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USD/CHF could test 0.9361/0.9260 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, still sees the possibility of the pair to test the 0.9361/0.9260 band in the near term.

    Key Quotes

    USD/CHF no change, the market still oscillates around the 200 day ma at .9515 and the near term risk remains for losses to the .9361/.9260 five month support line and recent low, from where we would expect to see signs of recovery”.

    “Rallies will find initial resistance at the .9646 13 October high”.
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