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USD/CHF could test 1.0295 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, has suggested the pair remains on track to visit the 1.0295 level.

    Key Quotes

    USD/CHF continues to head for the 1.0295 2015 high”.

    “The recent high of 1.0220 was accompanied by a complex divergence of the RSI and we would allow for a near term corrective set back but only on a slip below the 1.0122 November 19 low”.

    “The accelerated uptrend at 1.0150 should act as support”.
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