USD/CHF Update – 13/12/2017 (09:00am) – by Arjun Lakhanpal

USD/CHF Update – 13/12/2017 (09:00am): USD/CHF is consolidating below the 78.6% retracement at .9975, it remains bid. Above here lies the 1.0023 resistance line and the 1.0039 recent high. It guards 1.0100/08 the April and May highs and the 1.0145 78.6% retracement. Longer term this is considered to be the last defense for the 1.0335 January 2017 high. Dips back from here are indicated to hold circa .9860/50 and we remain positive above here.