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Thursday, 1 March 2012

MARKET TALK: Looks Like A Trend Change For USD/CHF -Commerzbank

Looks like a trend change for USD/CHF, says Commerzbank technical analyst Axel Rudolph. A bullish trend reversal will be confirmed on a break above the 0.9066-0.9088 resistance zone, which will then target 0.9175 and 0.9203. Rudolph says only below the February low of 0.8931 will now negate this bullish outlook. USD/CHF trades at 0.9042.

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