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2 Nov 2015
USD/CHF could find support around 0.9843/24 – Commerzbank
FXStreet (Edinburgh) - Axel Rudolph, Senior Technical Analyst at Commerzbank, sees pullbacks in the pair to be contained in the 0.9843.24 area.
Key Quotes
“USD/CHF is coming off last week’s high at .9958 and should retest minor support at .9843/24. It is where the September highs were made. There it is likely to hold today”.
“Ideally we would like to see a weekly close and preferably a monthly close above the 2001-2015 downtrend at .9855 to confirm last week’s break higher”.
Key Quotes
“USD/CHF is coming off last week’s high at .9958 and should retest minor support at .9843/24. It is where the September highs were made. There it is likely to hold today”.
“Ideally we would like to see a weekly close and preferably a monthly close above the 2001-2015 downtrend at .9855 to confirm last week’s break higher”.