USD/CHF: Consolidating below 0.9900 – Commerzbank

USD/CHF continues to ease back from 0.9900. Karen Jones, Team Head FICC Technical Analysis Research, analyzes the USD/CHF pair from a technical perspective.

Key quotes

“Dips lower should remain contained by 0.9675/0.9613 (January low) for an upside bias to remain entrenched.” 

“Above 0.9900/20, the market is capable of further gains to 1.0023/28, the October and November highs.”