OctaFX | OctaFX Forex Broker
Open trading account

USD/CHF: a test of 0.9538/27 is not ruled out – Commerzbank

FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the chance of spot to test recent lows in the 0.9538/27 area.

Key Quotes

USD/CHF saw a small erosion of its support line at .9667 on Friday”.

“Given the 2001-2015 downtrend lies at .9855 – we are neutral but at this point are unable to ignore the possibility of a test of the 200 day ma and the recent low at .9538/27”.

“A close above .9855 would be significant and is needed for a move to psychological resistance at 1.0000 and the 2015 high at 1.0295 to be reached”.

EUR/GBP testing highs near 0.7400 post PMIs

The cross in the EUR/GBP peeked back in the green and tests daily highs following the release of sluggish Eurozone and German services sector data.
Read more Previous

GBP/USD supported at 1.5100 – OCBC

Emmanuel Ng, FX Strategist at OCBC Bank, sees pullbacks in the pair well supported around the 1.5100 neighbourhood...
Read more Next
Start livechat