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A bullish scenario for USD/CHF - Commerzbank

FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank explained that USD/CHF remains better bid overall.

Key Quotes:

"We look for gains to 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.

Slips lower should find support at the 1.0035 55 day ma ahead of the 0.9966 4 month uptrend. "

United States 7-Year Note Auction dipped from previous 2.161% to 1.759%

United States 7-Year Note Auction dipped from previous 2.161% to 1.759%
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GBP bullish but for how long ahead of EU referendum? - Scotiabank

Analysts at Scotiabank explained that GBP is up on the back of as-expected Q4 GDP data (0.5% q/q, 1.9% y/y), with gains suggesting relief and positioning that had been biased to disappointment.
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