USD/CHF focus is now on 1.0140 – Commerzbank

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair should now shift its attention to the 1.0140 area.

Key Quotes

“USD/CHF has eroded the 1.0039 2017 resistance line and focus has shifted to 1.0140 the 7 th March high then 1.0335 this years high. Dips lower are indicated to hold circa 1.00/1.0035”.

“Below .9850 will target .9814 and below here would target initially .9720, the 78.6% retracement”.