Gold Prices Slide into Swing Support. Trend-Line Support as New Resistance. The USDCHF currency pair is often called 'The Swissie'. The Swiss Franc is the last Franc still in issuance in Europe. CHF is shorthand for 'Confoederatio Helvetica' Franc, and represents the economy of the neutral nation situation in the center of Europe. Switzerland has long been a key banking center for customers around the world, and the secrecy with which they maintain their banking operations has made them one of the more desireable locations for storing cash.

This has helped to bring considerable strength to the Swiss Franc , pressuring exporters from the nation. When the European Debt Crisis enveloped the continent, massive inflows into Swiss Francs made the situation worse until eventually the Swiss National Bank SNB created a peg to the Euro at a rate of 1.

If the EURCHF currency pair fell below 1.

Swissy broke below a huge zone of support that included a long-term, bullish trend-line. But we're now seeing that trend-line show as resistance, and this can open the door for bearish strategies.

USD/CHF Exchange Rate

Swissy Swings into the Sweet Spot of Support. Bullish Stampede in Full Retreat. The Bulls Have It. But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk. Market News Headlines getFormatDate 'Wed Jun 21 Technical Analysis Headlines getFormatDate 'Wed Jun 21 Trend-Line Support as New Resistance getFormatDate 'Wed Jun 21 Education Beginner Intermediate Advanced Expert Free Trading Guides.

Click here to dismiss. Get Your Free Trading Guides With your broad range of free expert guides, you'll explore: News getFormatDate 'Wed Jun 21 News getFormatDate 'Tue Jun 20 Trend-Line Support as New Resistance Swissy broke below a huge zone of support that included a long-term, bullish trend-line. Continue Reading getFormatDate 'Wed May 24 Swissy Swings into the Sweet Spot of Support getFormatDate 'Wed May 17 Bullish Stampede in Full Retreat getFormatDate 'Tue May 16 US Dollar Caught Between Upbeat Fed, Skeptical Markets.

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