(0,9313) The USD/CHF confirmed a firm closing while remaining interior the positive outside day with 0,9350 – 0,9195 still the levels to follow in the coming hours. Only a daily closing above the resistance will support a direct retest of the 200 days line, now found at 0,9396!! The indicators of the daily chart are however still well negative while those of the s/t ones are mixed supporting further consolidation/ correction. While above the 200 hours line at 0,9302 we expect the dollar to further extend its move up suggesting a break above 0,9340, still the s/t key level for a 0,9400 overshooting!! Only an hourly closing below 0,9280 will resume the decline suggesting a retest of the lows! We stay on the sideline waiting for stronger signals!!
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Future Trend Research