(03 JULY 2017)USD / CHF:Bullish consolidation.

(03 JULY 2017)USD / CHF:Bullish consolidation.

3 July 2017, 13:38
Jiming Huang
0
26

chf

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.


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