Forex Flash: USD/CHF at 0.9438 is a matter of time - Commerzbank (Barcelona) - Commerzbank analysts see the USD/CHF in the process of completing a base pattern once it has recently eroded its 200-day moving average (at 0.9396), but is still due to close above 0.9438 to confirm that base. With positive technical indicators, such move is only a matter of time. “A close above 0.9438 is favored and will imply that the market has based and initiate a deeper recovery to 0.9505 then 0.9594”, wrote analyst Karen Jones, expecting that 0.9312 and 0.9215/0.9198 to contain the downside.