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USD/CHF upside bias above 0.9862 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 21, 2016.

  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, sees the pair’s upside bias unchanged while above 0.9862.

    Key Quotes

    USD/CHF failed last week to clear the 1.0120/25 recent high and Fibonacci retracement”.

    “While this looks likely to provoke some consolidation, provided dips lower are contained by the .9862 5 month uptrend then an upside bias is preserved. Initial support is the .9926 3 month uptrend”.
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