Technical Analysis

USD/CHF Weakening

Typography

USD/CHF is weakening after the pair failed to monitor resistance at 0.9771 (15/06/2017 high). Hourly support at 0.9631 (01/08/2017 low) has been broken. Expected to to show further downside pressures towards 0.9500.

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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Swissquote Bank SA
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