Forex Flash: USD/CHF signaling stabilization - Commerzbank

FXstreet.com (Barcelona) - Commerzbank analysts believe the USDCHF can hold at the denser band of support that extends back to 0.9380: "We continue to look for this to hold and view near term weakness as corrective only and just view price action as the market retreating from the 38.2% Fibonacci retracement of the last few months' decline at 0.9505 and the current November high at 0.9513", wrote analyst Axel Rudolph, seeing signs of stabilization there "and while the currency pair stays above the two month support line at 0.9380 and the 55 day moving average at 0.9368 we will maintain it should see a reattempt on the topside and the .9505/13 recent highs and resistance". Upside targets are 0.9594 (50% retracement of the move down from July) and 0.9620.