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USD/CHF still supported around 0.9834 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair remains well supported in the 0.9830 area.

    Key Quotes

    USD/CHF held steady to higher yesterday, leaving our outlook unchanged - we view near term weakness as corrective and ideally we will see the 3 month uptrend at .9834 hold the downside”.

    “Below here lies the 200 day ma at .9673 and if reached, we should see this hold”.
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