USD/CHF: Strength could extend to the 0.9840 region – Commerzbank

Market news

11 February 2020

USD/CHF: Strength could extend to the 0.9840 region – Commerzbank

FXStreet reports that Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, suggested the pair could attempt a move to the 0.9841/44 band.

"USD/CHF is eroding the 55 day ma at .9768. A daily chart close above it would imply that the market has based near term. It could possibly fail again for a slide back into the range (it is possible that this is an 'ab-c' correction). Currently however we suspect that there is scope for near term strength to extend to .9841/44, the September and October lows and the 200 day ma at .9970."

"Failure at current levels would place the market back in the range and re-target the .9613 January low and the September 2018 low at .9543."

UK total retail spending edged up in January - BRC

Central bankers to dominate the agenda – Deutsche Bank

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.