USD/CHF might see an attempt towards 0.9530/43 – Commerzbank

FXStreet (Barcelona) - Karen Jones, Head of Technical Analysis at Commerzbank, believes that USD/CHF might make an upside move towards 0.9530/43 and even 0.9581.

Key Quotes

“USD/CHF is looking a bit perkier as it has completely ignored the key day reversal to the downside and has eroded the near term resistance line to head into the middle of the cloud. We would allow for an attempt on the 200 day ma and the May high at .9530/43 and the top of the cloud at .9581.”

“Current Position: None. Recommended Trade: Attempt tiny longs .9375, add .9340, stop .9240”