The USD/CHF confirmed further consolidation interior the inside day with 0,9240 – 0,9075 still the levels to follow in the coming hours. Only a possible break of the support will postpone the move up favouring a deeper correction and this could mean even a 0,9000 undershooting!
The indicators of the daily chart are still in positive territory while those of the s/t ones are mixed suggesting further consolidation.
The move up above 0,9210 aborted the suggested S_H_S formation but it failed to return above the former support line. Therefore while below 0,l9216 we could see another test on the downside.
We remain on the sideline while waiting for a trading opportunity!!
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