(30 OCTOBER 2017)USD / CHF:Bullish breakout.

(30 OCTOBER 2017)USD / CHF:Bullish breakout.

30 October 2017, 12:36
Jiming Huang
0
15

chf


Bullish breakout.

(By Yann Quelenn )

• USD/CHF is clearly in a strong bullish

momentum. The technical structure suggests an

improving short-term buying interest. Expected

to show continued bullish pressures within

uptrend channel. Hourly support stands at

0.9712 (12/10/2017 low).

• 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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