By Keith Jenkins Dec. 3 (Bloomberg) -- The Swiss franc may rally beyond parity with the dollar if it stays stronger than the 55-day moving average of 1.0181, Commerzbank AG said. The dollar may fall to 0.9910 franc in the “near term,” said Axel Rudolph, a technical analyst at Commerzbank in London, in a telephone interview. Should that happen, so-called support will be found in a range of 0.9872 to 0.9889, created by the lows in March and April of 2008, Rudolph said. A support level is an area where traders anticipate orders to buy a currency and its related instruments. The stronger the support, the more selling is needed to drop below that level. “Only a rise above 1.0186 will alleviate downside pressure and signal recovery,” said Rudolph, referring to the dollar. The U.S. currency weakened 0.3 percent to 0.9987 franc today, from 1.0020 yesterday. It earlier fell to 0.9961. In technical analysis, investors and analysts study charts of trading patterns and prices to predict changes in a security, currency or index. To contact the reporter on this story: Keith Jenkins in London at kjenkins3@bloomberg.net

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