(22 MAY 2017)USD / CHF:Wide-open towards support at 0.9550.

(22 MAY 2017)USD / CHF:Wide-open towards support at 0.9550.

22 May 2017, 14:02
Jiming Huang
0
19

chf

Wide-open towards support at 0.9550.

• USD/CHF continues to push lower since the 

pair broke support located at 0.9814 (27/03/2017 

low). Strong resistance is given at 1.0107 

(10/04/2017 high). Expected to continue going 

lower. 

• 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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