USD/CHF gained traction for the fifth consecutive session on Thursday and shot to fresh two-month tops around 0.9270. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, sees the pair inching higher heading to the six-month downtrend at 0.9446. Key quotes “USD/CHF continues to work higher and remains on course for the 38.2% retracement of the move down from the March peak at 0.9342.” “It should be noted that there is scope for a test of the six-month downtrend at 0.9446.” “Dips should remain contained by 0.9094 the near term uptrend. Only a slide below 0.9048 (10th September low) will trigger a slide back to the 0.8998 recent low.” 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 EUR/USD to accelerate the decline on break below 1.1650 – OCBC FX Street 2 years USD/CHF gained traction for the fifth consecutive session on Thursday and shot to fresh two-month tops around 0.9270. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, sees the pair inching higher heading to the six-month downtrend at 0.9446. Key quotes “USD/CHF continues to work higher and remains on course for the 38.2% retracement of the move down from the March peak at 0.9342.” “It should be noted that there is scope for a test of the six-month downtrend at 0.9446.” “Dips should remain contained by 0.9094 the near term uptrend. Only a slide below 0.9048 (10th September low)… 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.
