Short-squeeze.
(Yann Quelenn)
• USD/CHF is trading slightly higher. Yet, the
technical structure indicates that further
weakness are possible. Expected to show further
short-term downside moves.
• 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.
