FXStreet (Edinburgh) - In the opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair needs to recover the 0.9050 area in order to rebuild upside interest.



Key Quotes



USD/CHF has seen a strong recovery through the .8909/38.2% retracement”.



“This recovery has been enough to alleviate downside pressure but will need to overcome the 200 day ma at .8950, the recent high at .9036, the 78.6% retracement at .9048 and the 55 week ma at .9048 in order to regenerate real upside interest we suspect”.



“For now dips back to the .8920/.8890 band should be regarded as buying opportunities ahead of the .8856 recent low”.



Investopedia makes you smarter.
Sign up for the News to Use newsletter for the latest in expert analysis, market insights and news.