Technical analysis of USD/CHF for June 19, 2017

USD/CHF is expected to trade with a bullish bias above 0.9700. Despite breaking below the 20-period and 50-period moving averages, the pair is still trading above the key support at 0.9700, which should allow for a temporary stabilization. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Therefore, […]