Bullish consolidation.
(By Yann Quelenn )
• USD/CHF remains weak as long as prices
remain below the key resistance at 0.9647
(28/06/2017 high). Hourly resistance can be
found at 0.9771 (09/06/2017 high). Strong
resistance is given at 1.0107 (10/04/2017 high).
Hourly support is given at 0.9553 (intraday low).
Expected to show continued bearish 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.
