(10 APRIL 2017)USD / CHF:Finding demand.

(10 APRIL 2017)USD / CHF:Finding demand.

10 April 2017, 14:05
Jiming Huang
0
22

USDCHF


Finding demand. 

• USD/CHF has gained significant momentum. 

Hourly support is given at 1.0039 (07/04/2017 

base low) then 0.9814 (27/03/2017 low). Key 

resistance can be found at a distance at 1.0171 

(07/03/2017) then 1.0344 (15/12/2016 high). 

Expected to show another leg higher. 

• 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.

(By Peter Rosenstreich )

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