Back
11 Sep 2015
USD/CHF keeps the positive bias – Commerzbank
FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, reiterated the positive stance of the pair.
Key Quotes
“USD/CHF – no change we maintain a positive bias”.
“The market has eroded the 78.6% Fibonacci retracement at .9765 and the 17th August high at .9800, which suggests that it is ready to tackle the .9903 recent high”.
“A close above here is needed for a move to the psychological resistance at 1.00 and the 2015 high at 1.0295”.
“Dips should find initial support circa .9675/.9700, ahead of the 200 day ma at .9542. This guards the .9293/60 3 month support line and recent low”.
Key Quotes
“USD/CHF – no change we maintain a positive bias”.
“The market has eroded the 78.6% Fibonacci retracement at .9765 and the 17th August high at .9800, which suggests that it is ready to tackle the .9903 recent high”.
“A close above here is needed for a move to the psychological resistance at 1.00 and the 2015 high at 1.0295”.
“Dips should find initial support circa .9675/.9700, ahead of the 200 day ma at .9542. This guards the .9293/60 3 month support line and recent low”.