Wednesday, October 28, 2015

USD/CHF: potential for a small pullback – Commerzbank

FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could see a small pullback prior to a continuation of its upside.

Key Quotes

USD/CHF is now pushing hard into key resistance offered by the 2001-2015 downtrend at .9855”.

“We have seen a small erosion of this zone but we note the 13 count on the 240 minute chart, which suggests a small retracement ahead of further gains”.

“The intraday Elliott counts are suggesting dips lower will now hold over .9780/25”.
For more information, read our latest forex news.

No comments:

Post a Comment