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11 Mar 2015
USD/CHF minor support at 0.9866 – Commerzbank
FXStreet (Barcelona) - Karen Jones, Head of Technical Analysis at Commerzbank, gives the technical outlook and key levels for USD/CHF.
Key Quotes
“USD/CHF continues to inch higher and has reached the .1.0000/25 target (psychological resistance and Fibonacci extension), but we suspect it will struggle to clear this resistance on the first test. This guards the 1.0240 mid January high.”
“Dips will find an initial uptrend at .9736 (uptrend drawn from Jan 22nd low) ahead of the near term up channel at 0.9597.We have minor support at .9866”
Key Quotes
“USD/CHF continues to inch higher and has reached the .1.0000/25 target (psychological resistance and Fibonacci extension), but we suspect it will struggle to clear this resistance on the first test. This guards the 1.0240 mid January high.”
“Dips will find an initial uptrend at .9736 (uptrend drawn from Jan 22nd low) ahead of the near term up channel at 0.9597.We have minor support at .9866”