USD/CHF on its way to 1.0295 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 18, 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, believes the pair could test 2015 highs at 1.0295.

    Key Quotes

    USD/CHF has again shot higher and has now eroded the 1.0128 March high and is on course for the 1.0295 2015 high”.

    “We would expect this to provoke some profit taking. Above here we target 1.0732, the 78.6% retracement of the move from 2010 to 2011.Very near term we have a 13 count on the 240 minute chart and would tighten stops on long positions”.
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