(0,9216) The USD/CHF confirmed a session of consolidation forming a new inside day with 0,9275 – 0,9175 the levels to follow in the coming hours. A break below the support will support a move toward 0,9110 if not even 0,9035!! The indicators of the daily chart are still well negative while those of the s/t ones are showing a mixed picture suggesting further consolidation. While below 0,9290 on an hourly closing the dollar will remain under pressure suggesting further weakness. Already a recover above the 200 hours line at 0,9239 could however support a correction! We stay on the sideline.
Read the full report: USDCHF 08.27
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