(0,9322) The USD/CHF confirmed a further session of consolidation interior the inside day with 0,9395 – 0,9310 still the levels to follow. A daily closing below 0,9310 will cause a retest of the lows with even a possible undershooting toward our s/t target at 0,9159! The indicators of the daily chart are still in positive territory but those of the s/t ones are still mixed to negative suggesting further consolidation/ correction. Therefore we do still see a possible move toward the 200 hours line at 0,9300, if not even 0,9280 where we expect good support, also coming from the EUR/CHF business that we see higher by year end!! We stay on the sideline waiting for confirmations.
Click here to read the full report: USDCHF 12.12
Future Trend Research