(19 JUNE 2017)USD / CHF:Bearish pressures arise.

(19 JUNE 2017)USD / CHF:Bearish pressures arise.

19 June 2017, 13:45
Jiming Huang


Bearish pressures arise.

• USD/CHF is pushing lower. Hourly resistance 

given at 0.9727 (09/06/2017 high) has been 

broken. Strong resistance is given at 1.0107 

(10/04/2017 high). Expected to show continued 

short-term bullish pressures. 

• 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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