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USD/CHF door open for a test of 1.0212/78 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair remains well poised to test the 1.0212/78 area.

    Key Quotes

    USD/CHF has at last challenged the 1.0120/25 recent high and Fibonacci retracement”.

    “A close above here should trigger 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 here will introduce scope to 1.0732, the 78.6% retracement of the move from 2010 to 2011”.
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