USD/CHF Update – 08/12/2017 (14:06pm) – by Arjun Lakhanpal

December 8, 2017 by

USD/CHF Update – 08/12/2017 (14:06pm): USD/CHF remains bid very near term. The market has overcome the 30th November high at .9882 and 50% retracement at .9888 and is working higher. Dips back from here are indicated to hold circa .9860 and we remain positive and look for a challenge to 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. Last week sold off to and recovered from the 50% retracement at .9730.