USD/CHF bulls on their way – Commerzbank

By FXStreet FXStreet (Guatemala) – Karen Jones, chief analyst at Commerbank explained the conditions, technically, surrounding USD/CHF.

Key Quotes:

“USD/CHF will shortly encounter key resistance offered by the 2001-2015 downtrend at .9855. While we would expect to see this hold the initial test – we look for this to eventually to be eroded and remain longer term bullish.”

14 year downtrend at 0.9855

Above 9855 would target .9903 the August high and .9972, the 2012 highs initially. Above here sees the 1.0128 March high and then the 1.0295 2015 high.”
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Source:: FX Street