The upside momentum in USD/CHF could struggle to overcome the 1.0000/28 band, suggested Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank. Key Quotes “USD/CHF recovered last week and is capable of retesting the resistance at 1.0000/28, but we suspect that this will again hold. We view near term risks as still on the downside. Scope remains to retest the .9870 55 day ma. Failure at the next lower .9799 September low would push key support at .9716/.9659 to the fore. It is the location of the January, June, mid- and late August lows. Below here sits the .9659 August low and the September 2018 low at .9543″. “A close above 1.0028 is needed to generate some further upside interest but we suspect this will continue to act as a tough near term barrier”. 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 Ethereum market update: ETH/USD locked in a range after the recent sell-off FX Street 4 years The upside momentum in USD/CHF could struggle to overcome the 1.0000/28 band, suggested Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank. Key Quotes "USD/CHF recovered last week and is capable of retesting the resistance at 1.0000/28, but we suspect that this will again hold. We view near term risks as still on the downside. Scope remains to retest the .9870 55 day ma. Failure at the next lower .9799 September low would push key support at .9716/.9659 to the fore. It is the location of the January, June, mid- and late August lows. Below here sits the .9659… 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.
