USD/CHF risks a pullback to 0.9358/0.9260 – Commerzbank

By FXStreet FXStreet (Edinburgh) – In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pairs could re-visit the area of 0.9358/0.9260 in the near term.

Key Quotes

“USD/CHF‘s still oscillates around the 200 day ma at .9518 and near term risk remains for losses to the .9358/.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”.
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Source:: FX Street