The USD/CHF formed a positive outside day reversal with now 0,9105 – 0,8935 the levels to follow in the coming hours. A daily closing above 0,9105 will be positive but only a move above 0,9155 will support higher levels!!
The indicators of the daily chart are now turning above the line and also those of the s/t ones are in positive territory supporting higher levels. The move up could have completed a positive reversal in the hourly chart suggesting a new s/t target at 0,9281; we suggest however waiting for a break above 0,9150 as a correction!! Only a break below 0,8945 will abort this scenery!!
Despite the positive outlook, today, we sold some dollar last night as suggested at 0,9087. We put a stop at 0,9155 while waiting for a possible return toward 0,9050.
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