(05 JUNE 2017)USD / CHF:Lack of follow-through.

(05 JUNE 2017)USD / CHF:Lack of follow-through.

5 June 2017, 13:46
Jiming Huang
0
18

chf

Lack of follow-through.

• USD/CHF is back above former support given 

at 0.9692 (22/05/2017 low). Strong resistance is 

given at 1.0107 (10/04/2017 high). Expected to 

show continued weakness towards hourly 

support at 0.9550 (09/11/2017 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)

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