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 )
