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19 May 2014
USD/CHF aims for 0.9000 – Commerzbank
FXStreet (Edinburgh) - According to Axel Rudolph, Senior Technical Analyst at Commerzbank, the 0.9000 key barrier would be on sight in the upcoming sessions.
Key Quotes
“USD/CHF is forming a significant bottom and last week briefly rose to the .8953 April high before being capped by it”.
“Above it lies the 200 day moving average at .9001 which could be reached over the coming days”.
“Intraday dips have found initial support around the .8899 March high. Further support comes in at the .8851 late April high and further down around the .8800 mark and at .8771, the late April low”.
Key Quotes
“USD/CHF is forming a significant bottom and last week briefly rose to the .8953 April high before being capped by it”.
“Above it lies the 200 day moving average at .9001 which could be reached over the coming days”.
“Intraday dips have found initial support around the .8899 March high. Further support comes in at the .8851 late April high and further down around the .8800 mark and at .8771, the late April low”.