(24 APRIL 2017):USD / CHF:Sharp bounce.

(24 APRIL 2017):USD / CHF:Sharp bounce.

24 April 2017, 14:04
Jiming Huang
0
24

CHF

Sharp bounce.

• USD/CHF keeps on declining despite strong 

volatility. The short-term technical structure is 

negative as long as prices remain below the 

hourly resistance at 1.0171 (07/03/2017). Monitor 

hourly support is given at 0.9955 (30/03/2017 

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

• 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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