USD/CHF still supported around 0.9834 – Commerzbank

FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair remains well supported in the 0.9830 area.

Key Quotes

“USD/CHF held steady to higher yesterday, leaving our outlook unchanged - we view near term weakness as corrective and ideally we will see the 3 month uptrend at .9834 hold the downside”.

“Below here lies the 200 day ma at .9673 and if reached, we should see this hold”.