USD/CHF upside intact above 0.9650/34 – Commerzbank

In opinion of Axel Rudolph, Senior Technical Analyst at Commerzbank, USD/CHF’s outlook remains on the bullish side as long as it remains above 0.9650/34 band.

Key Quotes

“While no slip and daily chart close below the early August and current September low at .9650/34 is seen, the May and July highs at .9952/56 will remain in focus, together with parity”.

“Support below the next lower .9522 June low comes in at .9499/.9444, where the April and May lows were made”.