Currency Analyst since 2010

USD/CHF: Commerzbank

USD/CHF rose yesterday by more than 100 pips and close above the 200-day MA at 0.9360. Analysts at Commerzbank say that the bulls have now strength to bring US dollar to the 55-day MA at 0.9440. At this point the specialists expect the pair to fail and reverse down. In their view, support lies at 0.9227 (July low) and 0.9130 (June low). If the pair manages to overcome 0.9440, it will target 0.9566 (March high) and 0.9750 (July high).

Chart. Daily USD/CHF

Scroll to top