USD/CHF Technical Analysis

(0,9230) The USD/CHF confirmed a session of consolidation forming a new inside day with 0,9260 – 0,9155 the levels to follow. A daily closing above 0,9260 will support further strength toward the resistance line at 0,9295 but the attraction could be also the 200 days line, now found at 0,9436!! The indicators of the daily chart are still well positive but still not yet those of the weekly one. The indicators of the s/t charts are mixed suggesting some consolidation/ correction. The s/t tone is positive but there is still a chance to see a drop toward the 200 hours line, now found at 0,9182 if not even a little lower. We stay on the sideline waiting for a possible correction to buy.

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