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USD/CHF upside bias persists – Commerzbank

FXStreet (Edinburgh) - The positive stance remains well and sound around the pair, according to Karen Jones, Head of FICC Technical Analysis at Commerzbank.

Key Quotes

USD/CHF has this week tested and rebounded off the 55 day moving average at .9693 and we have a support line at .9667, an upside bias remains”.

“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”.

“Please note that this is also the approximate location of the 2001-2015 downtrend and is highly likely to hold the initial test”.

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