The USD/CHF confirmed a further positive closing but it failed to extend much higher its move up. However, we still believe it could retest 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 remain positive but those of the s/t ones are mixed supporting some consolidation/ correction. An hourly closing below 0,9140 will support a deeper retracement with the 200 hours line at 0,9065 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..17.pdf
FUTURE TREND RESEARCH