The USD/CHF confirmed a strong closing well above the top of the previous session favouring a direct 0,9200 overshooting. We expect further strength toward the key level at 0,9317; only a daily closing above this level will support higher levels toward parity, still our target for this year/ early next year!!
The indicators of the daily chart are well positive and also those of the s/t ones are in positive territory supporting higher levels. Bearish divergences in the s/t chart support a positive tone.
In the s/t only an hourly closing below 0,9190 will postpone the move up favouring a correction with the 200 hours line at 0,9031 the possible attraction.
We suggest waiting for a decent correction to buy for a 0,9317 overshooting!!
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/11/USD-CHF-11..16.pdf
FUTURE TREND RESEARCH