Testing strong resistance.
• USD/CHF's bullish momentum continues.
Hourly support can be found at 0.9631
(01/08/2017 low). 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.