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USD/CHF consolidation likely in the short-term – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - In view of Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair could attempt a consolidative pattern in the near-term.

    Key Quotes

    USD/CHF has not sustained the move above the 1.0212/78.6% retracement and may need to consolidate further very near term”.

    “Currently the 1.0295 and the 1.0328 recent highs remain in focus”.

    “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”.
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