(0,9128) The USD/CHF confirmed a weak weekly closing but only a weekly closing below 0,9020 will support lower level. The daily one was also negative. The indicators of the daily chart are still well negative as well as those of the weekly one supporting further weakness. The indicators of the s/t charts are instead turning positive supporting a rebound that in our view will confirm a 0,9200 overshooting! Only an hourly closing above 0,9130 will however support the possible move up with good resistance already at 0,9170 before the 0,9220 area where we find toward the 200 hours line! We missed on Friday to buy the test below 0,9090!!
Read the full report: USDCHF 09.23
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