The dollar is strengthening across the board on Tuesday, according to the markets. The outlook for the USD/CHF pair is bullish, with the 0.9325/75 zone in sight, according to Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank.
“The outlook for USD/CHF is optimistic; it is still aiming for the 61.8 percent Fibonacci retracement at 0.9264 and the March 12 high of 0.9325. Further up, the early March high of 0.9375 and the April high of 0.9472 may be seen.”
“Only an unexpected drop below last week’s low of 0.9142 would bring the 55-day and 200-day moving averages at 0.9075/73, as well as the 0.9054/46 late May and early June highs, as well as the early February high, back into play.”
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