Sideways price action.
(By Yann Quelenn)
• USD/CHF is pushing lower. Resistance is given
at 0.9771 (15/06/2017 high). Hourly support lies
at at 0.9584 (08/11/2017 low). Expected to to
push even lower.
• 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.
