FXStreet (Edinburgh) – According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, bullish attempts in the pair could struggle around 0.9665.
Key Quotes
“USD/CHF came under pressure on Friday and looks set to extend losses to the .9531/27 200 day ma and recent low”.
“The September low at .9527 guards the .9346/.9260 five month support line and recent low. Intraday rallies are indicated to be likely to struggle .9665”.
“Key resistance is the 2001-2015 downtrend lies at .9855 – we look for this to eventually to be eroded but not yet”.
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