range bound

[justlearning]

There is a possible long for the usd/chf due to the emergence of a range. The bottom, has hit some strong resistance.

[FXJHONNY]

UsdChf broke yesterday’s support at 1.1305, traded as low as 1.1271 – a level that the pair bounced off with notable vigor – returning to trade above the 1.1305 support...
On the upside, 1.1328 would mark a break from 2-day declining channel however continued haven seeking in the Swiss Franc would cap upward moves to 1.1390...

[Jason Rogers]

Range opportunities developing in the USD/CHF. It has been moving mostly between 1.08 and 1.09 the past couple of weeks and the SNB has already intervened twice in the past month against CHF strength. Here's a nice article on it

Swiss Franc Resilience Sets Stage for Further SNB Intervention

EUR/CHF is another potential setup to buy on the dips down to 1.50.

[FXJHONNY]

The franc is trending high against the dollar, trading at 1.0676. Right now, we see the pair facing some difficulties to break the support at 1.0654. However, if the pair reverts, the next resistance is found at 1.0707 francs per dollar.