The US dollar is attempting to reassert its up move as can be seen, for example, in the USD/CHF pair. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, believes that the downfall is over. Initial resistance is seen at the 0.9375 level “USD/CHF has tested and is currently holding the mid-March low at 0.9215. The Elliott wave count on the daily chart is implying that this is the end of the slide lower and we have partially covered our short positions.” “Initial resistance is the 0.9375 9th March high. Key nearby resistance lies at 0.9467/72 (highs from July).” “Above 0.9472 lies the 50% retracement of the 2019-2021 decline at 0.9499.” “Above 0.9500 we are unable to rule out a move to the 200-week ma at 0.9658.” 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 BOJ’s Kuroda: No need for the central bank to buy municipal bonds FX Street 2 years The US dollar is attempting to reassert its up move as can be seen, for example, in the USD/CHF pair. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, believes that the downfall is over. Initial resistance is seen at the 0.9375 level "USD/CHF has tested and is currently holding the mid-March low at 0.9215. The Elliott wave count on the daily chart is implying that this is the end of the slide lower and we have partially covered our short positions." "Initial resistance is the 0.9375 9th March high. Key nearby resistance lies at 0.9467/72 (highs from… 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.
