14 Jan 2016
USD/CHF: door open for a test of 1.1120/25 - Commerzbank
FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the pair poised for another visit of the 1.1120/25 band.
Key Quotes
“USD/CHF remains bid and is well placed to tackle the 1.1120/25 recent high and Fibonacci retracement”.
“Above here will trigger gains to the 1.0212/78.6% retracement on route towards 1.0295 and the 1.0328 recent high”.
“A close above here will introduce scope to 1.0732, the 78.6% retracement of the move from 2010 to 2011”.
Key Quotes
“USD/CHF remains bid and is well placed to tackle the 1.1120/25 recent high and Fibonacci retracement”.
“Above here will trigger gains to the 1.0212/78.6% retracement on route towards 1.0295 and the 1.0328 recent high”.
“A close above here will introduce scope to 1.0732, the 78.6% retracement of the move from 2010 to 2011”.