USD/CHF attention returned to parity – Commerzbank

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, a potential test of 1.000 is back on the cards following the recent price action.

Key Quotes

“USD/CHF has recently sold off towards and reversed just ahead of the .9538 August low, this has placed the market firmly back into the middle of the 6 month trading range. Rallies have regained the .9854 20 day ma and this casts attention once more at the 1.00 level”.

“Intraday dips are indicated to hold .9845/15 ahead of the .9770 200 day ma and .9640 end of September low”.