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A bullish scenario for USD/CHF - Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank explained that USD/CHF remains better bid overall.

    Key Quotes:

    "We look for gains to the 1.0212/78.6% retracement, which remains the break point towards 1.0295 and the 1.0328 recent high."

    "A close above this latter level will introduce scope to 1.0732 longer term, the 78.6% retracement of the move from 2010 to 2011. Dips are indicated to hold circa 1.0135/1.0100.

    Slips lower should find support at the 1.0035 55 day ma ahead of the 0.9966 4 month uptrend. "
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