USD/CHF: Positive bias above the 0.9142 low – Commerzbank

On Tuesday, markets are seeing dollar strength across the board. Regarding the USD/CHF pair, the outlook is positive as has the 0.9325/75 region in its sights, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. 

USD/CHF targets the April high at 0.9472 

“USD/CHF’s outlook is positive, it still has the 61.8% Fibonacci retracement at 0.9264 and the March 12 high at 0.9325 in its sights. Further up the early March high can be seen at 0.9375 and the April peak at 0.9472.” 

“Only an unexpected slip below last week’s low at 0.9142 would push the 55and 200-day moving averages at 0.9075/73 and also the 0.9054/46 late May and early June highs as well as the early February high back to the fore.”