USD/CHF offered below 0.9789 – Commerzbank

The pair’s stance remains offered while below the 0.9789 level, noted Karen Jones, Head of FICC Technical Analysis at Commerzbank.

Key Quotes

“USD/CHF was rejected by the 200 day ma at .9741 last week and the market charted marginal new 5 month lows, these were not confirmed by the daily RSI and we are like to consolidate further. The market is testing key support at the .9657/42 recent low and 55 month ma, these are now exposed and failure at .9634 (last weeks low) will imply that the market has topped longer term. Below here targets .9520, the 61.8% retracement the .9374, the 78.6% retracement of the move seen this year”.

“The market stays directly offered below the .9789. Near term rallies will need to regain the .9856 28th June low in order to alleviate the downside bias which now prevails”.

                           Start Trading with Free $30    : CLAIM NOW $30

VERIFY YOUR ACCOUNT AND GET YOUR $30 INSTANTLY ,MAKE MONEY WITHDRAW !!

               IT IS POSSIBLE TO SHIFT FROM $30  TO  $1,000,000  TRY  TODAY

IF  YOU  FACE  ANY  PROBLEM  TO  GET  THIS  OFFER  PLEASE CONTACT                                                                   US FOR

SUPPORT ,  CLICK  SMS  BAR  ABOVE  THEN  TALK  TO  US.