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Holding around parity.
(By Yann Quelenn)
• USD/CHF is consolidating. Yet, the technical
structure is still bullish. The technical structure
suggests an improving short-term buying
interest. Expected to show continued bullish
momentum. Hourly support stands at 0.9951
(01/11/2017 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.
