Forex Flash: USD/CHF should be held by 0.9240/15 - Commerzbank

FXstreet.com (Barcelona) - The past three months' lows were made around 0.9240/15 and the USDCHF is probing that support area, but is expected to be held there. "It is possible, however, that USDCHF will slide off to the 0.9169 three month support line", wrote analyst Axel Rudolph, not much convinced of such event.

"Initial resistance is offered by last week's .9383 high and the 0.9426 200 day moving average", added the Commerzbank analyst, pointing to next resistance at 0.9505/13 recent highs.