FXStreet (Edinburgh) – Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested the pair could re-visit the 0.9903 level.
Key Quotes
“USD/CHF has eased back to and is holding the 55 day moving average at .9686”.
“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”.
(Market News Provided by FXstreet)