0
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Lack of follow-through.
(By Yann Quelenn)
• USD/CHF has been very volatile lately. The
technical structure indicates further downside
risks. The pair has failed to hold consistently
above the parity. The road is wide-open for
further decline.
• 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.
