(0,9290) The USD/CHF confirmed another weak closing well below the support of the inside day at 0,9395, plunging even below the 200 days line, now resistance at 0,9354. While below this line we could see further weakness toward 0,9200!! The indicators of the daily chart are still well negative and at this levels also those of the weekly one are in negative territory. The indicators of the s/t charts are also negative but well oversold. Bullish divergences confirm however still a negative tone. Only an hourly closing above 0,9310 will postpone further weakness favouring a corrective rally suggesting a retest of the 0,9400 resistance area!! We bought the drop last night at 0,9335 and for the moment keep staying long!
Read the full report: USDCHF 06.07
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