USD/CHF could retest 0.9952/56 – Commerzbank

According to Senior Technical Analyst at Commerzbank Axel Rudolph, the pair remains well poised to visit the 0.9952/56 area.

Key Quotes

“USD/CHF remains on track to reach the May and July highs at .9952/56. Our upside target is parity”.

“Minor support is seen along the 55 day moving average at .9753”.

“We will retain our bullish forecast while no unexpected drop below Friday’s low at .9630 is seen”.

“Support below the next lower .9522 June low comes in at .9499/.9444, where the April and May lows were made”.