(28 AUGUST 2017)USD / CHF:Selling pressures increase.

(28 AUGUST 2017)USD / CHF:Selling pressures increase.

28 August 2017, 13:32
Jiming Huang
0
14

chf

Selling pressures increase.

(By Yann Quelenn)

• USD/CHF is heading lower. Higher resistance 

is given at 0.9771 (15/06/2017 high). Hourly 

support at 0.9584 (08/11/2017 low) has been 

broken. Expected to show growing continued 

bearish pressures. 

• 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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