Towards support at 0.9814.
• USD/CHF is weakening. The positive shortterm technical structure has been invalidated.
Expected to target support given at 0.9814
(27/03/2017 high).
• 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 )
