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Selling pressures increase.
(By Yann Quelenn)
• USD/CHF is heading lower. Higher resistance
is given at 0.9771 (15/06/2017 high). Hourly
support at 0.9584 (08/11/2017 low) has been
broken. Expected to show growing continued
bearish pressures.
• In the long-term, the pair is still trading in
range since 2011 despite some turmoil when the
SNB unpegged the CHF. Key support can be
found 0.8986 (30/01/2015 low). The technical
structure favours nonetheless a long term bullish
bias since the unpeg in January 2015.
