(08 MAY 2017)USD / CHF:Towards support at 0.9814.

(08 MAY 2017)USD / CHF:Towards support at 0.9814.

8 May 2017, 14:02
Jiming Huang
0
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CHF

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 )

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