(15 MAY 2017)USD / CHF:Bouncing back lower.

(15 MAY 2017)USD / CHF:Bouncing back lower.

15 May 2017, 13:53
Jiming Huang


Bouncing back lower.

• USD/CHF has paused after sharp reversal off

1.0107 high (10/04/2017 high). Support located 

at 1.0049 (10/05/2017 low) has been broken. 

Expected to consolidate around parity. 

• 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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