USD/CHF could slip back to the 0.9753/44 band – Commerzbank

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could extend the decline to the 0.9753/44 band.

Key Quotes

“No change. USD/CHF has recently broken out of the bottom of its range and looks set to extend losses to the .9789 June low and the 200 day ma at .9753 and the 55 week ma at .9744, where we should see an attempt at stabilisation. The market is now offered below the June high at .9992. Intraday rallies are indicated to terminate at circa .9885”.

“Below .9744 lies the 55 month ma at .9656”.