USD/CHF faces a probable move to 0.9762 – Commerzbank

Pablo Piovano FXStreet

Karen Jones, Team Head FICC Technical Analysis at Commerzbank, suggested the pair could advance to the 0.9762 level if manages to clear 0.9692.

Key Quotes

“USD/CHF is eroding its two month downtrend line at .9692 and as a precaution we have exited our short positions. A break above here will target the .9762 10th January peak and possibly the 55 day ma at .9822. Dips will find minor support at .9660.”

“Above .9762 would suggest a retest the .9841/44 resistance (September and October lows).”

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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