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USD/CHF Surging

Swissquote Bank SA
By Swissquote Bank SA

USD/CHF is trading higher. Hourly support can be found at 0.9439 (21/07/2017 high). Strong resistance is given at 0.9771 (15/06/2017 high) is on target. Expected to to show further bullish consolidation

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

Swissquote Bank SA
Swissquote Bank SAhttp://en.swissquote.com/fx
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