USD/CHF to extend its correction higher towards the 0.9100 mark – Commerzbank
|USD/CHF remains upside corrective. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the pair to extend its recovery towards the 0.9100 level.
USD/CHF remains corrective
“USD/CHF is at last bouncing higher from the 0.8931/10 band of support (Fibo), and is upside corrective near-term.”
“The pair looks set to extend its correction to 0.9100 and potentially the 55-day ma at 0.9154, which we are expecting to cap the rally.”
“The 0.8910 level is regarded as the last defence for the 0.8872 mid-February low and the 0.8780 January low.”
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