USD/CHF has eroded the base of its range – Commerzbank

Karen Jones, an analyst at Commerzbank offers key technical levels for trading USD/CHF ahead of the key Fed decision.
Key Quotes:
“USD/CHF is eroding the .9844/41 September and October lows.
We consider the market to be vulnerable as we note the confirmed sell signal on the DMI and it remains capped by the 55- and 200-day ma at .9925/44.
Failure at .9830 would push key support at .9716/.9659 to the fore. This is the location of the January, June, mid- and late August lows.
Below here sits the .9659 August low and the September 2018 low at .9543.”
Author

Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

















