USD/CHF Technical Analysis

(0,9365) The USD/CHF confirmed a weak closing last night, even below the 200 days line suggesting further downside risk. A monthly closing at the present level will be negative. The indicators of the daily chart are still well negative but those of the monthly one remain well above the line. The indicators of the s/t charts are still below the line for now suggesting further weakness. While below the 200 days line and also below the 200 hours one at 0,9392 we can expect further weakness. Only an hourly closing above 0,9395 will postpone the decline!!

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