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USD/CHF rallies could struggle around 0.9660/90 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees bullish attempts to struggle around the 0.9660/90 area.

    Key Quotes

    USD/CHF came under pressure on Friday and looks set to extend losses to the .9527/25 200 day ma and recent low”.

    “The September low at .9527 guards the .9353/.9260 five month support line and recent low. Intraday rallies are indicated to be likely to struggle .9660/90”.

    “Key resistance is the 2001-2015 downtrend lies at .9855 – we look for this to eventually to be eroded but not yet”.
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