(18 SEPTEMBER 2017)USD / CHF:Sideways price action.

(18 SEPTEMBER 2017)USD / CHF:Sideways price action.

18 September 2017, 13:52
Jiming Huang


Sideways price action.

(By Yann Quelenn )

• USD/CHF keeps on bouncing. Strong 

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

The technical structure shows that the the pair is 

likely to head further lower below 0.9421 

(03/05/2017). Expected to show renewed bearish 


• 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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