(0,9515) The USD/CHF confirmed a strong closing on Friday in the daily chart as well as in the weekly one suggesting further upside potential. The indicators of the daily chart are still well positive but also still showing potential negative reversals and overbought conditions! However since Friday we start seeing also potential bearish divergences supporting a positive tone. The indicators of the s/t charts are mixed this morning suggesting some consolidation/ correction. While above the 0,9490 on an hourly closing we expect however further s/t strength toward 0,9600/10 resistance area. We expect a correction with the 200 hours line at 0,9416 the attraction!!
Click here to read the full report: USDCHF 03.11
Future Trend Research