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USD/CHF focus now on 0.9541 – Commerzbank

FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s attention has now shifted to the 0.9541 level.

Key Quotes

USD/CHF has eroded the top of the daily cloud, this is located at .9695 today, this leaves it on the defensive and attention reverts to the 200 day ma at .9541”.

“This together with the base of the cloud at .9527 guards the .9305/.9260 3 month support line and recent low”.

“Rallies will find initial resistance at .9643 55 day ma ahead of .9695 the top of the cloud. This guards the .9903 recent high”.

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