USD/CHF Technical Analysis

(0,9125) The USD/CHF is still confirming further consolidation interior the inside day with 0,9180 – 0,9095 still the levels to follow in the coming hours. A break of the support, that yesterday has been tested, confirmed by a daily closing will cause further weakness suggesting a retest of the 0,9000 level where we expect buying interest from the BNS!! The indicators of the daily chart are still well negative but those of the s/t ones turned above the line this morning suggesting some upside potential. only an hourly closing above 0,9180 will however support a larger correction confirming also a double bottom below 0,9100 suggesting a firm 0,9200 overshooting!! We stay on the sideline .

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