Commerzbank: comments on USD/CHF
Analysts at Commerzbank claim that USD/CHF has eroded the 6-week uptrend at 0.9425. The specialists think that US dolar may stabilize ahead of the 0.9368 (61.8% Fibo) and 0.9358 (200-day MA). Only an increase above 0.9566 (March high) will make US currency target 0.9753 (July high). Any decline below 0.9358 will provoke a slide to 0.9278 (78.6% Fibo) and probably 0.9130 (June low).
Chart. H4 USD/CHF