Forex Flash: USD/CHF allows minor slippage to 0.9215/12 - Commerzbank

FXstreet.com (Barcelona) - Having sold off to and bounced from the previous downtrend, with support at 0.9212, "the market continues to ease back near term from the 0.93835 December high and we would allow for some minor slippage to 0.9215/12, we view this as corrective only", wrote Commerzbank analyst Karen Jones, as she suspects the market is basing. "Above 0.9390, the initial upside target is the 0.9438 200 day moving average and then 0.9513/25, the 50% retracement and November high", Jones added, pointing to intraday dips circa 0.9245/10.