USD/CHF: vicious sell-off should stabilise near 0.9945/25 - Commerzbank

Haresh Menghani FXStreet

Following the USD/CHF pair's recent sharp reversal from nearly one-month tops, Karen Jones, technical analyst at Commerzbank, provides a near-term technical outlook and foresee the selling pressure to abate near 0.9945-25 region.

Key Quotes:

"USD/CHF has seen rejection from the 55 day ma at 1.0105 and is correcting lower, currently we would allow for slippage to .9945/25 the uptrend, prior to another upside attempt. We view the market as having based recently at the .9861 low, (we suspect that the market has turned at the 200 day ma and the 55 week ma)."

1 Week
1 Month
1 Quarter

1 Week

Avg Forecast 1.0106

100% Bullish
0% Bearish
0% Sideways

Bias Bullish

1 Month

Avg Forecast 1.0124

50% Bullish
25% Bearish
25% Sideways

Bias Bullish

1 Quarter

Avg Forecast 1.0345

69% Bullish
8% Bearish
23% Sideways

Bias Bullish

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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