5 Jun 2015
USD/CHF: Key support at 0.9287 – Commerzbank
FXStreet (Barcelona) - Karen Jones, Head of Technical Analysis at Commerzbank, gives the technical outlook and key levels for USD/CHF.
Key Quotes
“USD/CHF has traded through but not closed below .9287, the low from the 22nd May. This leaves our immediate outlook somewhat in limbo given good overhead resistance offered by the 200 day ma at .9533 continues to cap.”
“Support at .9287 guards key support, which is the .9072/70 recent low and Fibonacci retracement.”
“A close above the 200 day ma is needed to restore the up move to the .9862 April high.”
Key Quotes
“USD/CHF has traded through but not closed below .9287, the low from the 22nd May. This leaves our immediate outlook somewhat in limbo given good overhead resistance offered by the 200 day ma at .9533 continues to cap.”
“Support at .9287 guards key support, which is the .9072/70 recent low and Fibonacci retracement.”
“A close above the 200 day ma is needed to restore the up move to the .9862 April high.”