Back
25 Jan 2016
USD/CHF still points to 1.0295 – Commerzbank
FXStreet (Edinburgh) - In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair remains poised for a test of the 1.0295 level.
Key Quotes
“USD/CHF has eroded the 1.0120/25 recent high and Fibonacci retracement”.
“The close above here should be enough to trigger gains to the 1.0212/78.6% retracement which remains the break point towards 1.0295 and the 1.0328 recent high”.
“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”.
Key Quotes
“USD/CHF has eroded the 1.0120/25 recent high and Fibonacci retracement”.
“The close above here should be enough to trigger gains to the 1.0212/78.6% retracement which remains the break point towards 1.0295 and the 1.0328 recent high”.
“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”.