Search ForexCrunch

Karen Jones, analyst at Commerzbank, suggests that USD/CHF remains bid and capable of challenging the 200 day ma at .9953 and August high at .9975.

Key Quotes

“We should see failure here and a slide back to key support at .9716/.9659 (location of the 13th August low, 25th June low, the January low and Fibo support). Below .9659 (last week’s low) targets the .9543 September 2018 low.”

“Longer term we target .9211/.9188, the 2018 low.”

“Above the .9975 August high lies the mid-June high at 1.0014 and 1.0123/78.6% retracement.”