USD/CHF stays positive above 0.9964 – Commerzbank
|According to Karen Jones, Head of Technical Analysis at Commerzbank, theoutlook on USD/CHF remains positive above 0.9964.
Key Quotes
“The market recently failed to maintain a foothold over the 55 day ma at 1.0100. The market recently faltered ahead of 1.0159, the 61.8% retracement of the move down from December and has corrected lower, dips should remain relatively shallow. While above the .9964 near term uptrend, we would expect it to generate some upside interest to 1.0248 11th January high and the 1.0328 2015 and 1.0344 December 2016 highs”.
“Only below 9964 would trigger a slide to the .9861/50 recent low and Fibo”.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.