The USD/CHF pair has fallen below the 0.9050 July low the dollar starts to weaken again. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, sees downside risks towards 2014 lows at 0.8703/0.8698 on a break below 0.8963. Key quotes “USD/CHF is starting to break down through the 0.9072 May 2015 low and the 0.9050 July low, downside risks remain.” “We have TD support at 0.8963 and failure here would introduce scope to the 0.8703/0.8698 2014 lows.” “Rallies are expected to find good resistance initially at 0.9251, the 23.6% retracement but remain capped by the 0.9301 short-term downtrend.” 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 Silver’s right tail keeps getting fatter – TDS FX Street 2 years The USD/CHF pair has fallen below the 0.9050 July low the dollar starts to weaken again. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, sees downside risks towards 2014 lows at 0.8703/0.8698 on a break below 0.8963. Key quotes “USD/CHF is starting to break down through the 0.9072 May 2015 low and the 0.9050 July low, downside risks remain.” “We have TD support at 0.8963 and failure here would introduce scope to the 0.8703/0.8698 2014 lows.” “Rallies are expected to find good resistance initially at 0.9251, the 23.6% retracement but remain capped by the 0.9301 short-term downtrend.” 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.
