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USD/CHF supported at 0.9828 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 12, 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’s downside appears sustained around 0.9828.

    Key Quotes

    USD/CHF failed last week at the 61.8% retracement at 1.0121”.

    “We view near term weakness as corrective and ideally we will see the 3 month uptrend at .9828 hold the downside”.

    “Below here lies the 200 day ma at .9671 and if reached, we should see this hold”.
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