USD/CHF upside bias above 0.9862 – Commerzbank

FXStreet (Edinburgh) – Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the pair’s upside bias unchanged while above 0.9862.

Key Quotes

“USD/CHF failed last week to clear the 1.0120/25 recent high and Fibonacci retracement”.

“While this looks likely to provoke some consolidation, provided dips lower are contained by the .9862 5 month uptrend then an upside bias is preserved. Initial support is the .9926 3 month uptrend”.

Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the pair’s upside bias unchanged while above 0.9862…

(Market News Provided by FXstreet)