Technical analysts at Commerzbank note that the pair USD/CHF broke down through the 0.9404 level representing 78.6% Fibonacci retracement of the rate’s advance from December to January. US dollar is holding above the key support level at 0.9309 trading versus Swiss franc.

The specialists say that this level looks rather exposed and that below it the greenback will fall to 0.9120.



Chart. H1 USD/CHF

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