FXStreet (Guatemala) – Karen Jones, chief analyst at Commerzbank explained that USD/CHF remains better bid overall.
Key Quotes:
“We look for gains to the 1.0212/78.6% retracement, which remains the break point towards 1.0295 and the 1.0328 recent high.”
“A close above this latter level will introduce scope to 1.0732 longer term, the 78.6% retracement of the move from 2010 to 2011. Dips are indicated to hold circa 1.0135/1.0100.
Slips lower should find support at the 1.0035 55 day ma ahead of the 0.9966 4 month uptrend. “
(Market News Provided by FXstreet)