(10 JULY 2017)USD / CHF:Weakening.

(10 JULY 2017)USD / CHF:Weakening.

10 July 2017, 13:44
Jiming Huang
0
30

chf


Weakening.

(Yann Quelenn )

• USD/CHF is pushing lower. 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 (30/06/2017 

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.

Share it with friends: