(By Yann Quelenn)
• USD/CHF's technical structure is clearly
bearish. The technical structure indicates further
downside risks. The pair has failed to hold
consistently above the parity. The road is wideopen
for further decline.
• 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.