(01 MAY 2017)USD / CHF:Growing demand.

(01 MAY 2017)USD / CHF:Growing demand.

1 May 2017, 15:02
Jiming Huang
0
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chf

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 )

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