Growing demand.
• USD/CHF has ended its consolidation above
0.9900. The volatility is getting higher. The shortterm technical structure is turning positive as
long as prices remain below the hourly
resistance at 1.0171 (07/03/2017). Monitor strong
support given at 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 Yann Quelenn )
