Spot failed to sustain the up move beyond 1.0000 the figure and is now focused on the 0.9886 level, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “USD/CHF failed to maintain a foothold above the psychological resistance at 1.0000 and on Friday again eased back to the 55 day ma at .9938, which has now been eroded and the pendulum has swung to the down side. Attention is on the .9886 support line and last weeks low at .9858, the 9 th July low. Failure here will signal a slide towards .9753/24 (38.2% retracement + 200 day ma) where ideally we will see the market stabilise”. “It stays offered below 1.00, this guards the May high at 1.0057. The May high at 1.0057 guards the 1.0093/1.0108 April 2017 high and 78.6% retracement. This is seen as the last defence for 1.0343, the 2016 high. This should prove tough resistance”. 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 USD/CAD finds decent support ahead of 1.3100 mark FX Street 5 years Spot failed to sustain the up move beyond 1.0000 the figure and is now focused on the 0.9886 level, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes "USD/CHF failed to maintain a foothold above the psychological resistance at 1.0000 and on Friday again eased back to the 55 day ma at .9938, which has now been eroded and the pendulum has swung to the down side. Attention is on the .9886 support line and last weeks low at .9858, the 9 th July low. Failure here will signal a slide towards .9753/24 (38.2% retracement + 200… 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.
