USD/CHF: door still open for a test of 1.0295 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - According to Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair remains on track to a potential visit of the 1.0295 level.

    Key Quotes

    USD/CHF tested but is still being capped by the 1.0212/78.6% retracement, which remains the break point towards 1.0295 and the 1.0328 recent high”.

    “A close above this latter level will introduce scope to 1.0732 longer term, the 78.6% retracement of the move from 2010 to 2011. Dips are indicated to hold circa 1.0135/1.0100”.
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