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USD/CHF: door still open for a test of 1.0295 – Commerzbank

FXStreet (Edinburgh) - According to Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair remains on track to a potential visit of the 1.0295 level.

Key Quotes

USD/CHF tested but is still being capped by the 1.0212/78.6% retracement, which remains the break point towards 1.0295 and the 1.0328 recent high”.

“A close above this latter level will introduce scope to 1.0732 longer term, the 78.6% retracement of the move from 2010 to 2011. Dips are indicated to hold circa 1.0135/1.0100”.

GBP/USD: cross driven rally running out of steam

The GBP/USD pair strengthened in Asia and extended gains to 1.4413 largely on the back of a sharp rally in the GBP/JPY cross, which ran out of steam in Europe.
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NOK faces downside pressure ahead in the year – Danske Bank

Chief Analyst at Danske Bank Allan von Mehren has assessed the prospects for the Norwegian krone for the coming months...
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