Commerzbank: forecast for USD/CHF
Analysts at Commerzbank claim USD/CHF is facing resistance at 0.9620 (2012-2014 resistance line). However, the specialists are bullish on this pair as long as it’s trading above 0.9398 (accelerated uptrend). Commerzbank expects further gains to the longer-term target at 0.9840 (2013 high). A move below 0.9398 will reduce the immediate upside pressure and make the pair slide back to 0.9313/01 (38.2% retracement the September low).