19 Oct 2015
USD/CHF could test 0.9361/0.9260 – Commerzbank
FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, still sees the possibility of the pair to test the 0.9361/0.9260 band in the near term.
Key Quotes
“USD/CHF no change, the market still oscillates around the 200 day ma at .9515 and the near term risk remains for losses to the .9361/.9260 five month support line and recent low, from where we would expect to see signs of recovery”.
“Rallies will find initial resistance at the .9646 13 October high”.
Key Quotes
“USD/CHF no change, the market still oscillates around the 200 day ma at .9515 and the near term risk remains for losses to the .9361/.9260 five month support line and recent low, from where we would expect to see signs of recovery”.
“Rallies will find initial resistance at the .9646 13 October high”.