(0,9180) The USD/CHF confirmed a weak closing again below the low of the previous session suggesting we have a top in place at 0,9420!! Possible rebound should find now strong resistance at the 200 days line, found only at 0,9348!! The indicators of the daily chart are still well negative starting to show oversold conditions but only if we consider this dollar to be in a positive scenery. A break below 0,9020 will abort this assumption causing further and probably more important weakness. The indicators of the s/t charts are also negative with bullish divergences confirming the negative tone. The drop below 0,9220 confirmed a negative reversal suggesting a s/t target at 0,9066!! We wait for a rebound to sell the position.
Read the full report: USDCHF 06.13
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