USD/CHF remains under pressure – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Axel Rudolph, Senior Technical Analyst at Commerzbank, has assessed the recent price action in the pair.

    Key Quotes

    USD/CHF ran out of steam ahead of the 1.0125 early January high and brutally sold off post ECB”.

    “It now has the December low and the eight month support line at .9786/33 in its sights”.

    “If slipped through the .9661 February low will be back in play, as will the 2015-16 uptrend line at .9623. We should see USD/CHF hold between it and the .9480 October low”.
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