(0,9295) The USD/CHF confirmed the expected extension of the move up by testing the 0,9320 area where it is forming a small double top formation in the hourly chart. The daily closing was strong suggesting further strength toward the 200 days line at 0,9344. A closing tonight above 0,9291 will confirm a strong closing even in the weekly chart!! The indicators of the daily chart are now well positive while those of the s/t charts turned mixed in the last few hours supporting some consolidation/ correction. The move up failed yet to form divergences! We stay on the sideline waiting for stronger signals.
Read the full report: USDCHF 08.30
Future Trend