USD/CHF weakness continues, currentlytrading below 0.9880 and heading along 0.9860.The bearish pattern started in May 2018 ismaintained. Key support and resistance given at0.9755 (10/01/2018 low) and 1.01 (11/05/2017high) are maintained. The technical structuresuggests short-term downward moves.
In the long-term, the pair is still trading inrange since 2011 despite some turmoil when theSNB unpegged the CHF. Key support lies at0.9072 (07/05/2015 low) while resistance at1.0344 (15/12/2016 high) is distanced. Thetechnical structure favours a long term bullishbias since the unpeg in January 2015.
