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16 Sep 2015
USD/CHF positive above 0.9671 – Commerzbank
FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested the pair could keep the positive bias while above 0.9671, daily cloud top.
Key Quotes
“USD/CHF has eased back to and has recovered off the top of the daily cloud, this is located at .9671 today, while above here we will maintain a positive bias”.
“The market last week eroded the 78.6% Fibonacci retracement at .9765 and the 17th August high at .9800, which suggests scope 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”.
Key Quotes
“USD/CHF has eased back to and has recovered off the top of the daily cloud, this is located at .9671 today, while above here we will maintain a positive bias”.
“The market last week eroded the 78.6% Fibonacci retracement at .9765 and the 17th August high at .9800, which suggests scope 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”.