USD/CHF: door open for a test of 1.1120/25 - Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the pair poised for another visit of the 1.1120/25 band.

    Key Quotes

    USD/CHF remains bid and is well placed to tackle the 1.1120/25 recent high and Fibonacci retracement”.

    “Above here will trigger gains to the 1.0212/78.6% retracement on route 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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