USD/CHF supported at 0.9828 – Commerzbank

FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s downside appears sustained around 0.9828.

Key Quotes

“USD/CHF failed last week at the 61.8% retracement at 1.0121”.

“We view near term weakness as corrective and ideally we will see the 3 month uptrend at .9828 hold the downside”.

“Below here lies the 200 day ma at .9671 and if reached, we should see this hold”.