(0,9108) The USD/CHF formed a small positive outside day reversal with now 0,9145 – 0,9055 the levels to follow in the coming hours. Only a daily closing above 0,9145 will support a rebound. The indicators of the daily chart are however still well negative while those of the s/t ones are mixed suggesting further consolidation/ correction. The dollar tried yesterday to test the upside but it still failed to confirm a closing above 0,9130 turning instead back down but also here it failed to confirm a new low!! We stay on the sideline following the outside day for a possible breakout!
Read the full report: USDCHF 09.24
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