FXStreet (Edinburgh) – In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, spot could visit the 0.9533/27 area.
Key Quotes
“USD/CHF continues to oscillate around the 55 day ma at .9700. Given the 2001-2015 downtrend lies at .9855 – we are neutral but would allow for stabs lower”.
“The market has dropped briefly below .9645 – failure here will trigger a slide back to the 200 day ma and the recent low at .9533/27”.
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