In light of the recent price action, USD/CHF could now see 0.9814 re-tested, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “USD/CHF on Friday after NFP we saw the market rally to and reverse just ahead of the .9956 78.6% retracement. This resistance is reinforced by the .9992 June high. We suspect that it will pull back towards the 55 day ma, which lies at .9814. There is potential for the 200 day ma at .9733″. “Resistance at .9992 guards the top of the range at 1.0145, the mid-July high”. “Dips will find minor support at .9733, .9642 ahead of .9524. Below .9524 remain the February high at .9470 and the mid- and late March lows at .9434/25. Further down the 78.6% Fibonacci retracement can be spotted at .9376″. 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 EUR/USD faces further downside to 1.1390 – UOB FX Street 4 years In light of the recent price action, USD/CHF could now see 0.9814 re-tested, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes "USD/CHF on Friday after NFP we saw the market rally to and reverse just ahead of the .9956 78.6% retracement. This resistance is reinforced by the .9992 June high. We suspect that it will pull back towards the 55 day ma, which lies at .9814. There is potential for the 200 day ma at .9733". "Resistance at .9992 guards the top of the range at 1.0145, the mid-July high". "Dips will find minor support at… 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.
