(11 SEPTEMBER 2017)USD / CHF:Challenging support area above 0.9400.

(11 SEPTEMBER 2017)USD / CHF:Challenging support area above 0.9400.

11 September 2017, 13:32
Jiming Huang
0
15

chf


Challenging support area above 0.9400.

(By Yann Quelenn )

• USD/CHF is trying to bounce. Strong 

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

The pair is likely to head further lower below 

0.9421 (03/05/2017). 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.

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