(31 JULY 2017)USD / CHF:Consolidating before a likely another leg  higher.

(31 JULY 2017)USD / CHF:Consolidating before a likely another leg higher.

31 July 2017, 13:30
Jiming Huang
0
22

chf


Consolidating before a likely another leg 

higher.

(Yann Quelenn )

• USD/CHF is pausing. Hourly support can be 

found at 0.9439 (21/07/2017 high). Strong 

resistance is given at 0.9771 (15/06/2017 high) is 

on target. Expected to to show further 

strengthening. 

• 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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