(04 DECEMBER 2017)USD / CHF:Lack of follow-through.

Lack of follow-through.

(By Yann Quelenn)

• USD/CHF has been very volatile lately. The

technical structure indicates further downside

risks. The pair has failed to hold consistently

above the parity. The road is wide-open 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.