HomeContributorsTechnical AnalysisUSD/CHF Increase Continues

USD/CHF Increase Continues

USD/CHF ended its short-term downward trend, heading for further rise along 0.94. Hourly resistance stands at 0.9470 (08/02/2018 high) while hourly support remains at 0.9188 (16/02/2018 low).

In the long-term, the pair is still trading in range since 2011 despite some turmoil when the SNB unpegged the CHF. Key support lies at 0.9072 (07/05/2015 low) while resistance at 1.0344 (15/12/2016 high) is distanced. The technical structure favours a long term bullish bias since the unpeg in January 2015

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