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.