Following the recent performance, the pair could now attempt a dip to the 0.9915/0.9850 band, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “USD/CHF charted a new high, which was not confirmed by the daily RSI. We also note the 13 count on the daily chart and this suggests that we are likely to see failure – we would allow for a near term dip lower to the .9915/.9850 band. It will find additional support at the .9956 9 th Oct high and the 55 day ma at .9826″. “Resistance lies at 1.0145, the mid-July high and the 78.6% retracement at 1.0096. This is the last defence for the 1.0343 December 2016 peak”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD muted around 1.30 handle post-UK services PMI FX Street 4 years Following the recent performance, the pair could now attempt a dip to the 0.9915/0.9850 band, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes "USD/CHF charted a new high, which was not confirmed by the daily RSI. We also note the 13 count on the daily chart and this suggests that we are likely to see failure - we would allow for a near term dip lower to the .9915/.9850 band. It will find additional support at the .9956 9 th Oct high and the 55 day ma at .9826". "Resistance lies at 1.0145, the mid-July high… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
