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USD/CHF bullish above 1.0145/22 – Commerzbank

FXStreet (Edinburgh) - In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s outlook remains bullish above the 1.0145/22 band.

Key Quotes

USD/CHF eroded the 1.0295 January high to chart a new high for this year”.

“The market remains immediately bid above the 1.0145/22 19th and 24th November lows”.

“The market has completely ignored both a diverging RSI and a 13 count and even the daily Elliott wave count, which is suggesting that we will see a correction back into the 1.0075/.9960 band ahead of another leg higher”.

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