FXStreet (Edinburgh) - In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could attempt some consolidation ahead of a potential visit to 1.0128 and above. Key Quotes “USD/CHF has started to erode its accelerated uptrend”. “We have seen an almost straight run up from .9500 in a matter of a few weeks and we would not be at all surprised to see some near term consolidation/correction lower ahead of further gains to the 1.0128 March high and then the 1.0295 2015 high”. “We have a TD perfected set up on the daily chart and 240 minute chart and a 13 count on the hourly chart. All add weight to the near term correction lower idea”. For more information, read our latest forex news.