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21 Jan 2016
USD/CHF upside bias above 0.9862 – Commerzbank
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”.
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”.