(04 SEPTEMBER 2017)USD / CHF:Bouncing.

Bouncing. 

(By Peter Rosenstreich)

• USD/CHF is trading mixed with strong 

volatility. Strong resistance is given at 0.9771 

(15/06/2017 high). The pair is likely to head 

further lower below 0.9500. Expected to show 

renewed 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.