USD/CHF: rallies face resistance at 0.9665 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, bullish attempts in the pair could struggle around 0.9665.

    Key Quotes

    USD/CHF came under pressure on Friday and looks set to extend losses to the .9531/27 200 day ma and recent low”.

    “The September low at .9527 guards the .9346/.9260 five month support line and recent low. Intraday rallies are indicated to be likely to struggle .9665”.

    “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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