OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/CHF faces minor contention around 0.9660 – Commerzbank

Following the recent price action, occasional dips in the pair are likely to meet minor support in the 0.9660 area, suggested Karen Jones, Team Head FICC Technical Analysis at Commerzbank.

Key Quotes

USD/CHF has rallied to and seen emphatic failure at the 38.2% retracement at .9770. This coupled with a TD perfected set up implies the end of the corrective move and we will exit longs as a precaution. Directly overhead lies the 55 day ma at .9799. Dips will find minor support at .9660. Key resistance remains .9841/44, the September and October lows and while capped here we will maintain an overall negative bias.”

EUR Futures: Downside looks limited

In light of preliminary readings from CME Group, open interest rose by almost 3K contracts on Wednesday. In the same direction, volume rose by around
Read more Previous

UK: The rubber hits the road for Brexit trade talks - ANZ

The Australia and New Zealand Banking Group (ANZ) analysts note that Brexit trade talks are imminent after the European Union (EU) parliament backed B
Read more Next
Start livechat