USD/CHF Technical Analysis

(0,9350) The USD/CHF is confirming the expected rebound after the strong closing last night above the resistance at 0,9300. It is already exte4nding the rally above 0,9350 suggesting a test of the resistance line at 0,9405. The indicators of the daily chart are already returning above the line and also those of the s/t ones are in positive territory supporting the extension of the correction. The move up is however still corrective and a selling opportunity for a possible retest of the lows. We suggest however waiting for levels close to the 0,9400 area to sell with a stop above 0,9405!! We stay on the sideline.

Click here to read the full report: USDCHF 12.07

 

Future Trend Research