Ready for another leg higher.
(By Yann Quelenn)
• USD/CHF is trading mixed at the moment. Yet,
demand is slightly increasing since September.
Closest resistance is given at 0.9808 (30/05/2017
high). There are nonetheless decent downside
risks. Strong support is given at 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.