(0,9460) The USD/CHF managed to again recover above the 200 days line after Friday’s weak closing. While above the 200 days line, today support at 0,9420, we can expect a recover for the dollar resuming the move up. The indicators of the daily chart managed to close above the line while those of the s/t ones are mixed this morning suggesting further consolidation/ correction. Since last night the 200 hours line at 0,9473 is limiting the upside while the indicators of the hourly chart are showing potential negative reversals. We suggest however waiting for further confirmations before taking a new position. The s/t scenery is at the moment too mixed!! However, while below the 200 hours line we could well see a retest of yesterday’s low!!!!
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Future Trend Research