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”.
(Market News Provided by FXstreet)