(21 AUGUST 2017)USD / CHF:Sideways price action.

(21 AUGUST 2017)USD / CHF:Sideways price action.

21 August 2017, 13:46
Jiming Huang
0
11

chf

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.


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