Consolidating.
• USD/CHF is now consolidating after 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 show continued
weakness towards hourly support at 0.9692
(22/05/2017 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 )
