(0,9495) The USD/CHF confirmed a weak closing below the low of the previous session suggesting further weakness toward the 200 days line, now found at 0,9358! This decline is corrective and a buying opportunity! The indicators of the daily chart are still below the line as well as those of the s/t ones supporting further weakness. Possible rebounds should find resistance at 0,9530 before the 200 hours line, still found at 0,9616. While below 0,9530 we expect the dollar to extend the decline toward the 200 days line. We stay on the sideline for now while waiting for stronger signals!!
Read full report: USDCHF 06.04
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