USD/CHF still focused on 0.9522 – Commerzbank

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s attention remains on 0.9522.

Key Quotes

“USD/CHF remains under pressure and attention is on the next supports, which are the .9522 23rd June low and .9444/21, these are the 2016 low and the 200 week ma. If tested we look for these to hold and provoke reversal”.

“The market will need to recover at least above 0.9736, the 55 day ma, to retarget the topside of the range at .9930/50”.