14 Mar 2016
USD/CHF remains under pressure – Commerzbank
Axel Rudolph, Senior Technical Analyst at Commerzbank, has assessed the recent price action in the pair.
Key Quotes
“USD/CHF ran out of steam ahead of the 1.0125 early January high and brutally sold off post ECB”.
“It now has the December low and the eight month support line at .9786/33 in its sights”.
“If slipped through the .9661 February low will be back in play, as will the 2015-16 uptrend line at .9623. We should see USD/CHF hold between it and the .9480 October low”.
Key Quotes
“USD/CHF ran out of steam ahead of the 1.0125 early January high and brutally sold off post ECB”.
“It now has the December low and the eight month support line at .9786/33 in its sights”.
“If slipped through the .9661 February low will be back in play, as will the 2015-16 uptrend line at .9623. We should see USD/CHF hold between it and the .9480 October low”.