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.
