(12 JUNE 2017)USD / CHF:Back to bearish.

(12 JUNE 2017)USD / CHF:Back to bearish.

12 June 2017, 14:27
Jiming Huang
0
25

chf

Back to bearish.

• USD/CHF continues its decline despite some 

ongoing consolidation. Hourly resistance can be 

found at 0.9808 (30/05/2017 high). Strong 

resistance is given at 1.0107 (10/04/2017 high). 

Expected to show continued weakness towards 

strong 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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