(24 JULY 2017)USD / CHF:Continued weakness.

(24 JULY 2017)USD / CHF:Continued weakness.

24 July 2017, 13:47
Jiming Huang
0
19

chf


Continued weakness.

(By Yann Quelenn )

• USD/CHF is pushing lower. Hourly resistance 

can be found at 0.9696 (09/06/2017 high). Strong 

resistance is given at 1.0107 (10/04/2017 high). 

Expected to to show further weakness. 

• 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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