(07 AUGUST 2017)USD / CHF:Testing strong resistance.

(07 AUGUST 2017)USD / CHF:Testing strong resistance.

7 August 2017, 13:40
Jiming Huang
0
16

chf

Testing strong resistance.

(Yann Quelenn)

• 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.


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