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      USD/CHF door open for 0.9903? – Commerzbank

      FXStreet (Edinburgh) - Axel Rudolph, Senior Technical Analyst at Commerzbank, has suggested the possibility that the pair could test the 0.9903 level.

      Key Quotes

      USD/CHF has maintained upside pressure following its recent strong rebound off the 200 day moving average at .9542”.

      “The current September low at .9527 is viewed as an interim low. This suggests scope to tackle the .9903 recent high”.

      “First the two month resistance line and the current September high at .9783/.9824 will need to be overcome on a daily chart closing basis, though”.

      USD/CHF rejected from 0.9800, loses 100 pips

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      USD/JPY digs deeper towards 119.30

      The greenback continues to give away ground vs. the Japanese yen in the second half of the week, now dragging USD/JPY to fresh daily lows in the 119.45/40 band...
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