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23 Jun 2015
USD/CHF sell the rallies towards 0.93 – Commerzbank
FXStreet (Edinburgh) - Axel Rudolph, Senior Technical Analyst at Commerzbank, sees spikes to the 0.9300 area as selling opportunities.
Key Quotes
“We continue to look for a slide back to the .9079/71 recent low and Fibonacci retracement. Very near term we have a 13 count on the 60 minute chart and would attempt to enter shorts on rallies to .9300”.
“Above the market lies the cloud offering resistance at .9380 and the downtrend also at .9380 and this is acting as an effective ceiling for the market”.
Key Quotes
“We continue to look for a slide back to the .9079/71 recent low and Fibonacci retracement. Very near term we have a 13 count on the 60 minute chart and would attempt to enter shorts on rallies to .9300”.
“Above the market lies the cloud offering resistance at .9380 and the downtrend also at .9380 and this is acting as an effective ceiling for the market”.