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MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

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USD/CHF - Increasing But Volatility Declines

USD/CHF continues to bounce from hourly support given at 0.9634 (02/08/2016 low) while strong resistance is given at 9956 (30/05/2016 high). Volatility is very low and should indicate that this short-term bullish momentum is at stake.

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.

Daily Technical Report

 

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