USD/CHF registers another pullback from 0.9465/64 area while declining to 0.9442, weighing on the downside. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, is looking down at the 0.9376 support as the pair is capped by 0.9652. Key quotes “USD/CHF is basically side lined but starting to weigh on the downside. Intraday Elliott wave counts are negative and while capped by the downtrend at 0.9652, a negative bias will persist and our downside target will remain the 0.9376 11th June low and the 0.9336/78.6% retracement, which is the last defence for 0.9184 the March low.” “Immediate resistance is the 0.9553 interim high and this will need to be overcome in order to further alleviate downside pressure and allow for recovery to the short term downtrend at 0.9656.” 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/CNH clings to the consolidative mood – UOB FX Street 3 years USD/CHF registers another pullback from 0.9465/64 area while declining to 0.9442, weighing on the downside. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, is looking down at the 0.9376 support as the pair is capped by 0.9652. Key quotes “USD/CHF is basically side lined but starting to weigh on the downside. Intraday Elliott wave counts are negative and while capped by the downtrend at 0.9652, a negative bias will persist and our downside target will remain the 0.9376 11th June low and the 0.9336/78.6% retracement, which is the last defence for 0.9184 the March low.” “Immediate resistance is… 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.
