(17 JULY 2017)USD / CHF:Short-term bullish.

(17 JULY 2017)USD / CHF:Short-term bullish.

17 July 2017, 13:48
Jiming Huang
0
22

chf


Short-term bullish.

(By Yann Quelenn)

• USD/CHF is trading higher within a slight 

short-term bullish trend. Hourly resistance can 

be found at 0.9696 (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 inch higher. 

• 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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