(06 NOVEMBER 2017)USD / CHF:Holding around parity.

(06 NOVEMBER 2017)USD / CHF:Holding around parity.

6 November 2017, 12:53
Jiming Huang


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.

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