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”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/CHF reverses losses and climbs to 3-week highs

  2. Forex News

    USD/CHF rejected from below 0.9300

  3. Forex News

    USD/CHF struggling as it approaches tougher resistance – Commerzbank

  4. Forex News

    USD/CHF Technical Analysis: Flat-Lining at May Top

  5. Forex News

    USD/CHF Turns Back from Short Term Slope Line

Trading Center