Commerzbank: bullish on USD/CHF
Analysts at Commerzbank claim that USD/CHF will rise in the longer term to 0.9169 (200-week MA).
The specialists point out that the pair’s currently consolidating below June maximum at 0.9036. In their view, the pair will stay above support in the 0.9000/8965 area.
Resistance lies at 0.9058 (78.6% retracement) and this level together with 0.9036 may hold initial attack of the bulls. Further resistance is at 0.9127 (Jan. 8 high).
Chart. Daily USD/CHF