USD/CHF’s bullish momentum is fading. Hourly support can be found at 0.9631 (01/08/2017 low). Strong resistance is given at 0.9778 (15/06/2017 high) is on target. Expected to to show further strengthening.
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.
