Tuesday, August 16, 2011

Commerzbank: the pair USD/CHF may rise to 0.8189

Technical analysts at Commerzbank note that the positive divergence seen on the USD/CHF daily chart has triggered a strong recovery.

The specialists note that the greenback has managed to overcome resistance at 0.7562 and 0.7802. In their view, if US currency closes above the latter, it will actively test the 0.8000 zone.

According to the bank, the next target levels are at the 0.8079 (July 14 minimum) and 0.8189 (55-day MA).

daily usdchf 17-04
Chart. Daily EUR/CHF

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