(13 NOVEMBER 2017)USD / CHF:Increasing selling pressures.

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

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.