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USD/CHF still poised for a test of 1.0295/1.0328 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - Axel Rudolph, Senior Technical Analyst at Commerzbank, sees the likeliness of the pair to test the 1.0295/1.0328 area.

    Key Quotes

    “Last week USD/CHF rose above the 1.0212/78.6% retracement and thus has the 1.0295 and the 1.0328 recent highs in focus”.

    “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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