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USD/CHF consolidation most likely – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the pair could attempt a consolidative pattern after the rejection above the 1.0100 area.

    Key Quotes

    USD/CHF failed last week to clear the 1.1120/25 recent high and Fibonacci retracement”.

    “While this looks likely to provoke some consolidation, provided dips lower are contained by the .9851 5 month uptrend then an upside bias is preserved”.

    “Initial support is the .9913 3 month uptrend”.
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