Technical Analysis

USD/CHF Stalling Below 0.9900

Typography

USD/CHF has been very volatile lately. The technical structure indicates further downside risks. The pair has failed to hold consistently above the parity. The road is wide-open for further decline.

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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