USD/CHF door open for a test of 0.9815 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - After yesterday’s sharp pullback, Karen Jones, Head of FICC Technical Analysis at Commerzbank suggested the pair could test the 0.9815 level.

    Key Quotes

    USD/CHF sold off sharply yesterday and has reached its 55 day ma at .9886 today”.

    “Intraday rallies are indicated to terminate circa 1.0020 for losses towards the .9815 2015 uptrend and then the 3 month uptrend at .9680 and the 200 day ma at .9649”.
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