USD/CHF has the 0,9725/75 resistance in its sights – Commerzbank

FXStreet Karen Jones, head of FICC Technical analysis at Commerzbank, notes that a rally of the USD/CHF is in the area of the 0,9725/75 is a strong resistance to bump.

Important Quotes

“The USD/CHF day RSI has not confirmed the recent Low. Thus, the possibility of a small recovery from the 0,9670 Deep. Including the market is on the way to the 0,9550/44 (200-week MA, and in 2016 Tief). Short-term rallies will to fight will probably have at the 0,9725/75.”

“Under the 200-day MA of 0,9970 the offers remain the same, while this is a level defended by the key resistance of 1,0108 (April High).”

** FXStreet News Editorial, FXStreet**

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