26 Mar 2015
USD/CHF continues to fall towards 0.9463/0.9418 – Commerzbank
FXStreet (Barcelona) - Axel Rudolph, Analyst at Commerzbank, shares the technical outlook for USD/CHF, anticipating the pair to hold the support at 0.9463/0.9418.
Key Quotes
“USD/CHF continues to slip towards the 55- and 200-day moving averages at .9463/.9418 where it should hold today. Further down lies the early February high at .9347.”
“Minor resistance can be seen around the early December high at .9818 and more significant resistance at 1.0000 and also at the current March high at 1.0128.”
“Only a move above 1.0128 would be regarded as the break up point to the 1.0240 mid-January high and the 1.0295 January 5 high.”
Key Quotes
“USD/CHF continues to slip towards the 55- and 200-day moving averages at .9463/.9418 where it should hold today. Further down lies the early February high at .9347.”
“Minor resistance can be seen around the early December high at .9818 and more significant resistance at 1.0000 and also at the current March high at 1.0128.”
“Only a move above 1.0128 would be regarded as the break up point to the 1.0240 mid-January high and the 1.0295 January 5 high.”