USD/CHF still points to 1.0295 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair remains poised for a test of the 1.0295 level.

    Key Quotes

    USD/CHF has eroded the 1.0120/25 recent high and Fibonacci retracement”.

    “The close above here should be enough to 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 this latter level will introduce scope to 1.0732 longer term, the 78.6% retracement of the move from 2010 to 2011”.
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