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9 Dec 2015
USD/CHF appears vulnerable – Commerzbank
FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, reiterated the pair remains under pressure and could test 0.9897.
Key Quotes
“USD/CHF is under pressure near term and focus is back on the 55 day ma at .9897 today, the near term risk is that we will see further weakness beyond here”.
“Intraday rallies are indicated to terminate circa 1.0060/1.0110 for losses towards the .9868 2015 uptrend and then the 3 month uptrend at .9697 and the 200 day ma at .9654”.
Key Quotes
“USD/CHF is under pressure near term and focus is back on the 55 day ma at .9897 today, the near term risk is that we will see further weakness beyond here”.
“Intraday rallies are indicated to terminate circa 1.0060/1.0110 for losses towards the .9868 2015 uptrend and then the 3 month uptrend at .9697 and the 200 day ma at .9654”.