USD/CHF Technical Analysis

(0,9480) The USD/CHF formed a positive outside day reversal with a strong closing above the tops of the last few sessions. We have now 0,9510 – 0,9340 the levels to follow in the coming hours; a daily closing above 0,9510 could already resume the move up!! The indicators of the daily chart turned again positive on this move up and also those of the s/t ones are positive supporting further strength. The hourly closings above 0,9490 already aborted the negative reversals we suggested in yesterday’s report probably re-launching the move up. For the moment we’re however missing bearish divergences!! In the s/t it’s possible a drop toward the 200 hours line at 0,9452; while above this line the s/t scenery will however remain positive!!

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