USD/CHF Technical Analysis

(0,9462) The USD/CHF confirmed a weak closing last night forming a negative outside day but the weekly and monthly ones were positive, even strong supporting further strength!! We have now 0,9540 – 0,9445 the levels to follow in the coming hours. While above the 200 days line at 0,9416 we expect further upside potential. The indicators of the daily chart closed again below the line but the monthly and weekly ones are still well above the line suggesting further upside potential. the scenery suggested by the s/t indicators is instead mixed. While below the 200 hours line at 0,9479 we expect further weakness toward the support line at 0,9410!! We stay on the sideline while still waiting for a decent correction to buy.

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