The USD/CHF pair is probing the 0.8918 December highs. A break above this level would open the path towards the downtrend at 0.9043, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. Key quotes “USD/CHF is probing the 0.8918 December 21, 24 and 28 peaks. Intraday dips lower will ideally hold around 0.8830, but we are unable to rule out a retest of the 0.8758 recent low.” “Once 0.8918 is bettered, we look for the 0.8946 December 11 high to be back in play, as well as the August, September and November lows at 0.8983/0.9010. The six-month downtrend lies at 0.9043.” “Below 0.8758 would allow for an extension to 0.8703/0.8698, the 2014 lows but we look or these to hold the initial test.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Interest rates to keep rising as growth and inflation are set to beat expectations – Morgan Stanley FX Street 2 years The USD/CHF pair is probing the 0.8918 December highs. A break above this level would open the path towards the downtrend at 0.9043, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. Key quotes “USD/CHF is probing the 0.8918 December 21, 24 and 28 peaks. Intraday dips lower will ideally hold around 0.8830, but we are unable to rule out a retest of the 0.8758 recent low.” “Once 0.8918 is bettered, we look for the 0.8946 December 11 high to be back in play, as well as the August, September and November lows at 0.8983/0.9010. The six-month downtrend… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
