USD/CHF Technical Analysis

(0,9110) The USD/CHF confirmed a positive closing forming a new positive outside day with 0,9160 – 0,9045 the levels to follow in the coming hours. Only a daily closing above 0,9160 will support higher levels. The dollar confirmed a small reversed S_H_S formation but found good resistance already at 0,9150 where it hit the 200 hours line; an hourly closing above this level will favour an extension of the corrective move up toward 0,9180!!!! The indicators of the daily chart are still well negative but those of the s/t ones are still in positive territory supporting further possible strength. Only an hourly closing below 0,9090 will probably postpone the move up causing another test of the 0,9050 area!! We wait for confirmations!!

Click here to read the full report: USDCHF 02.07

 

Future Trend Research