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USD/CHF sees resistance at 1.0060/1.0110 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - Rallies in the pair could struggle around the 1.0060/1.0110 band, according to Karen Jones, Head of FICC Technical Analysis at Commerzbank.

    Key Quotes

    USD/CHF has held the initial test of its 55 day ma at .9891 today and has bounced higher near term”.

    “Intraday rallies are indicated to terminate circa 1.0060/1.0110 for losses towards the .9868 2015 uptrend and then the 3 month uptrend at .9686 and the 200 day ma at .9651”.
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