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)