USD/CHF door open for a test of 0.9815 – Commerzbank

FXStreet (Edinburgh) - After yesterday’s sharp pullback, Karen Jones, Head of FICC Technical Analysis at Commerzbank suggested the pair could test the 0.9815 level.

Key Quotes

“USD/CHF sold off sharply yesterday and has reached its 55 day ma at .9886 today”.

“Intraday rallies are indicated to terminate circa 1.0020 for losses towards the .9815 2015 uptrend and then the 3 month uptrend at .9680 and the 200 day ma at .9649”.