Back
2 Jun 2015
USD/CHF set to test 0.9506/30 – Commerzbank
FXStreet (Barcelona) - Karen Jones, Head of Technical Analysis at Commerzbank, sees upside potential for USD/CHF towards 0.9506/30, and further remains long on the pair targeting 0.9800 levels.
Key Quotes
“USD/CHF continues to sit and consolidate just below the 200 and 55 day ma at .9506/30. Beyond a small dip back from here we look for signs of recovery. A close above here is needed to restore the up move to the .9862 April high.”
“Dips lower should find some support at .9350 ahead of .9287, the 22nd May low. Key support is the .9072/70 recent low and Fibonacci retracement.”
“Current Position: Long .9410. Recommended Trade: stop .9285.Exit .9800”
Key Quotes
“USD/CHF continues to sit and consolidate just below the 200 and 55 day ma at .9506/30. Beyond a small dip back from here we look for signs of recovery. A close above here is needed to restore the up move to the .9862 April high.”
“Dips lower should find some support at .9350 ahead of .9287, the 22nd May low. Key support is the .9072/70 recent low and Fibonacci retracement.”
“Current Position: Long .9410. Recommended Trade: stop .9285.Exit .9800”