(0,9490) The USD/CHF is confirming a correction turning below 0,9500. In yesterday’s session it remained interior Friday’s range forming a new inside day with 0,9565 – 0,9405 the levels to follow in the coming hours. A daily closing above 0,9565 will confirm a direct extension of the move up!! The indicators of the daily chart are still well positive but also still showing potential negative reversals and overbought conditions! The indicators of the s/t chart are below the line this morning suggesting some consolidation/ correction. While below 0,9500 we could see further weakness toward the 200 hours line, now found at 0,9438. This decline is corrective and therefore a buying opportunity!! We wait for lower levels to buy.
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Future Trend Research