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23 Nov 2015
USD/CHF could test 1.0295 – Commerzbank
FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, has suggested the pair remains on track to visit the 1.0295 level.
Key Quotes
“USD/CHF continues to head for the 1.0295 2015 high”.
“The recent high of 1.0220 was accompanied by a complex divergence of the RSI and we would allow for a near term corrective set back but only on a slip below the 1.0122 November 19 low”.
“The accelerated uptrend at 1.0150 should act as support”.
Key Quotes
“USD/CHF continues to head for the 1.0295 2015 high”.
“The recent high of 1.0220 was accompanied by a complex divergence of the RSI and we would allow for a near term corrective set back but only on a slip below the 1.0122 November 19 low”.
“The accelerated uptrend at 1.0150 should act as support”.