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USD/CHF: next target at 0.9903 – Commerzbank

FXStreet (Edinburgh) - In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could re-visit the 0.9903 level in the near term.

Key Quotes

USD/CHF reached 6 week highs on Friday, and saw a decent rebound off the 55 day moving average at .9679 last week”.

“The current September low at .9527 is still viewed as an interim low and we look for the market to tackle the .9903 recent high”.

“A close above .9903 is needed for a move to psychological resistance at 1.0000 and the 2015 high at 1.0295 to be reached”.

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