(0,9442) The USD/CHF confirmed another strong closing above the 0,9400 level suggesting further upside potential. a closing at the present level will turn positive the indicators of the weekly chart supporting further strength. The indicators of the daily are still well positive as well as those of the s/t ones supporting further upside potential. We start however to see overbought conditions while still producing potential negative reversals. The move up reached the 50& retracement’s level of the previous drop 0,9752 – 0,9147. Possible a direct 0,9500 overshooting that we want to sell if seen, especially close to the 0,9600 area!
Read the full report: USDCHF 09.06
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