Saturday, 15 December 2012

USD/CHF Downside Likely Limited - Commerzbank


The downside in USD/CHF is likely limited, Commerzbank says, after the pair fell to a fresh seven-month low of 0.9210 in Asia Friday. But there's a three-month support line that comes in at 0.9169 and ahead of here the October low of 0.9215, notes Commerzbank technical analyst Karen Jones. She is running long from 0.9263, has added at 0.9215 with a stop at 0.9165 and is looking for a move back to the 0.94 area. USD/CHF now trades at 0.9225.

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