Increasing selling pressures.
(By Yann Quelenn)
• USD/CHF is consolidating lower. Yet, the
technical structure is still bullish. Yet, the pair has
failed to hold consistently above the parity. The
technical structure suggests growing selling
• 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.