USD/CHF door open for 0.9903? – Commerzbank

FXStreet (Edinburgh) - Axel Rudolph, Senior Technical Analyst at Commerzbank, has suggested the possibility that the pair could test the 0.9903 level.

Key Quotes

“USD/CHF has maintained upside pressure following its recent strong rebound off the 200 day moving average at .9542”.

“The current September low at .9527 is viewed as an interim low. This suggests scope to tackle the .9903 recent high”.

“First the two month resistance line and the current September high at .9783/.9824 will need to be overcome on a daily chart closing basis, though”.