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Gold •15 mins	1,316.00	+3.70	+0.28%
Platinum •15 mins	851.00	+2.60	+0.31%
Bitcoin •1 min	3,971.27	-8.67	-0.22%
WTI Crude •11 mins	58.97	-0.07	-0.12%
Gasoline •10 mins	1.885	-0.005	-0.25%
Silver •15 mins	15.50	+0.09	+0.60%

Silver • 15 mins	15.50	+0.09	+0.60%
Copper • 15 mins	2.850	+0.008	+0.26%
Ethereum • 1 min	135.93	-0.94	-0.68%
Brent Crude • 11 mins	66.55	-0.20	-0.30%
Natural Gas • 10 mins	2.757	-0.010	-0.36%

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Tesla Struggles To Compete In European Market

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USD/CHF - Time To Reload Bearish Positions

By - Feb 06, 2017, 6:25 AM CST

USD/CHF's momentum is definitely bearish. Key resistance is given at a distance at 1.0344 (15/12/2016 high). Closer resistance is given at 0.9935 (03/02/2016 high). The road is clearly wide-open for further decline.

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.

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