6 Sep 2013
Flash: USD/CHF eyes July high - Commerzbank
FXstreet.com (London) - USD/CHF had been probing the August high at .9396 when Karen Jones at Commerzbank suggested a close above here will confirm that another bottom has been made.
Key Quotes:
“USD/CHF has charted an inside day to leave our view unchanged, the market is probing the August high at .9396.”
“A close above here will confirm that another bottom has been made (favoured) and that a rise towards the .9753 July high is being seen”.
“Intra day dips lower are expected to find support at .9340/15 ahead of further gains. Currently only unexpected failure at .9130 would target the
February low at .9023”.
Key Quotes:
“USD/CHF has charted an inside day to leave our view unchanged, the market is probing the August high at .9396.”
“A close above here will confirm that another bottom has been made (favoured) and that a rise towards the .9753 July high is being seen”.
“Intra day dips lower are expected to find support at .9340/15 ahead of further gains. Currently only unexpected failure at .9130 would target the
February low at .9023”.