(02 OCTOBER 2017)USD / CHF:Ready for another leg higher.

(02 OCTOBER 2017)USD / CHF:Ready for another leg higher.

2 October 2017, 13:33
Jiming Huang
0
13

chf


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 

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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