(18 DECEMBER 2017)USD / CHF:Riding downtrend channel.

(18 DECEMBER 2017)USD / CHF:Riding downtrend channel.

18 December 2017, 13:14
Jiming Huang
0
27

chf


Riding downtrend channel.

(By Yann Quelenn )

• USD/CHF is trading lower. Yet, the technical

structure indicates further downside risks. The

pair has failed to hold consistently above the

parity. Expected to go even lower.

• 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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