Forex Flash: USD/CHF to find support at 0.9380 and 0.9360 - Commerzbank

FXstreet.com (Barcelona) - Commerzbank analysts continue to allow for further near term losses since the market falls from the 38.2% Fibonacci retracement of the last few months' decline at 0.9505: "They should find support at initially at 0.9380 ahead of 0.9360", wrote analyst Axel Rudolph, but pointing to upside targets at 0.9620 and 9.9594 (50% retracement of the move down from July). "Technical indicators are starting to neutralize and this adds weight to consolidation ahead of further gains", Rudolph added.