Filed Under:
Forex pairs in this Article » USD/CHF
FXstreet.com (London) -

Karen Jones, Chief Analyst at Commerzbank notes the positioning of the USD/CHF, and the market confirms her forecasts.

Key Quotes:

“Last week USD/CHF cleared the August high at .9396 and the close above has confirmed that another bottom has been made and that a rise towards the .9753 July high should be seen in the days to come”.

“The base measurement of .9396-.9146 offers a minimum upside measured target to .9646”.

“The market has so far reached the .9450 50% retracement of the sell off since July before slipping back to the 200 day ma at .9347”.

“Intraday dips lower are expected to find support at .9340/15 ahead of further gains.

Below .9270 would imply a retracement to .9170 27the August low”.
comments powered by Disqus