USD/CHF Technical Analysis

(0,9233) The USD/CHF failed on Friday to confirm the previous day’s positive day reversal forming even a negative one. The weekly closing was instead weak below the low of the previous week. The indicators of the daily chart are still well negative but close to the oversold area; those of the weekly one are also negative suggesting further downside risk. The indicators of the s/t charts are instead above the line this morning supporting further strength. Only an hourly closing above 0,9270 will however confirm higher level with the 200 hours line at 0,9300 the first attraction. We wait still for an extension of the rebound to sell the position

Read the full report: USDCHF 06.17

 

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