Flash: USD/CHF has eroded the March high - Commerzbank

FXstreet.com (London) - Research teams and analysts at Commerzbank said that USD/CHF has eroded the March high and the short term uptrend at 0.9568/62.

Adding, that the market has sold off to the 38.2% retracement of the move seen this year at 0.9528 and suggest there may be a small rebound from here. Failure here, they say, suggests a deeper retracement to the 200 day ma at 0.9359 and the 0.9317 2013 uptrend.