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.
