USD/CHF Technical Analysis

(0,9332) The USD/CHF confirmed a positive closing on Friday while a strong one in the weekly chart suggesting further upside potential with still the 200 days line at 0,9434 the attraction! The indicators of the daily chart are still well positive but not yet those of the weekly one. The indicators of the s/t charts are mixed at the moment suggesting further consolidation/ correction. In the hourly chart we have a potential S_H_S formation with the neck line at 0,9310; an hourly closing below this line will favour a deeper correction with the 200 hours line at 0,9256 the first attraction. Only an hourly closing above 0,9370 will resume the move up!! We stay on the sideline!!

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