(0,9560) The USD/CHF formed on Friday a positive day reversal but only a daily closing above 0,9625 will support the formation of a s/t bottom. The weekly closing was weak below the previous week’s low but the monthly one was instead strong!! The m/t picture is therefore some mixed.The indicators of the daily chart are still below the line but those of the weekly and monthly ones are positive supporting higher levels. The indicators of the s/t charts are still showing a mixed picture suggesting further. While above 0,9540 on an hourly closing the dollar could move a little higher toward the 200 hoursl ine at 0,9649!! We stay on the sideline for now while waiting for stronger signals!!
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Future Trend