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
• 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.