7 Dec 2015
USD/CHF sees resistance at 1.0060/1.0110 – Commerzbank
FXStreet (Edinburgh) - Rallies in the pair could struggle around the 1.0060/1.0110 band, according to Karen Jones, Head of FICC Technical Analysis at Commerzbank.
Key Quotes
“USD/CHF has held the initial test of its 55 day ma at .9891 today and has bounced higher near term”.
“Intraday rallies are indicated to terminate circa 1.0060/1.0110 for losses towards the .9868 2015 uptrend and then the 3 month uptrend at .9686 and the 200 day ma at .9651”.
Key Quotes
“USD/CHF has held the initial test of its 55 day ma at .9891 today and has bounced higher near term”.
“Intraday rallies are indicated to terminate circa 1.0060/1.0110 for losses towards the .9868 2015 uptrend and then the 3 month uptrend at .9686 and the 200 day ma at .9651”.