In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the upside pressure in the pair should be restored beyond the critical 1.0000 level. Key Quotes “USD/CHF has recovered enough to neutralise our outlook. The recent break below its near term support line was not sustained and the market has moved back into its range. It will need to regain 1.0000 in order to restore upside pressure and while below here we are unable to rule out a slide down towards .9744/24 (38.2% retracement + 200 day ma) where ideally we will see the market stabilise. Failure at 9724 will target the .9535 10th April low and below here will trigger losses to .9425, the 14th March low”. “Above 1.0000 targets 1.0057, the recent high. This guards the 1.0093/1.0108 (April 2017 high and 78.6% retracement) and then 1.0343, the 2016 high”. 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 NZD can remain under pressure – ANZ FX Street 4 years In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the upside pressure in the pair should be restored beyond the critical 1.0000 level. Key Quotes "USD/CHF has recovered enough to neutralise our outlook. The recent break below its near term support line was not sustained and the market has moved back into its range. It will need to regain 1.0000 in order to restore upside pressure and while below here we are unable to rule out a slide down towards .9744/24 (38.2% retracement + 200 day ma) where ideally we will see the market stabilise. Failure at… Top 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.
