(17 APRIL 2017)USD / CHF:Still weak within range.

(17 APRIL 2017)USD / CHF:Still weak within range.

18 April 2017, 10:55
Jiming Huang


Still weak within range. 

• USD/CHF failed to breach 1.0107 dropping 

sharply to support. The short-term technical 

structure is negative as long as prices remain 

below the hourly resistance at 1.0171 

(07/03/2017). Hourly support is given at 1.0009 

(13/04/2017 base low) then 0.9814 (27/03/2017 


• 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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