USD/CHF door open for a test of 1.0212/78 – Commerzbank
By FXStreet FXStreet (Edinburgh) – In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair remains well poised to test the 1.0212/78 area.
Key Quotes
“USD/CHF has at last challenged the 1.0120/25 recent high and Fibonacci retracement”.
“A close above here should 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 here will introduce scope to 1.0732, the 78.6% retracement of the move from 2010 to 2011”.
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Source:: FX Street
