USD/CHF Technical Analysis

(0,9347) The USD/CHF confirmed last night a strong closing reversing part of the weakness we had in the past sessions. A possible closing tonight above 0,9365 will confirm a s/t bottom supporting a return above the 200 days line, now resistance at 0,9373. The indicators of the daily chart are however still well negative but those of the s/t ones are above the line for now. In the hourly chart we have already a negative reversal situation with the indicators close to the overbought area. Before eventually moving lower we may however see an extension of the corrective move up toward the 200 hours line, now found at 0,9384!! We wait for this extension to sell.

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