(0,9136) The USD/CHF is confirming further consolidation interior last Friday’s range that formed an inside day with 0,9180 – 0,9095 still the levels to follow in the coming hours. A break of the support confirmed by a daily closing will cause further weakness suggesting a retest of the 0,9000 level where we expect buying interest from the BNS!! The indicators of the daily chart are still well negative as well as those of the weekly one keeping the dollar under pressure. The indicators of the s/t ones are instead mixed at the moment suggesting further consolidation. In the hourly chart we have however a potential positive reversal suggesting a s/t target at 0,9198. Only an hourly closing below 0,9110 will abort this scenery. We stay on the sideline.
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Future Trend Research