(0,9205) The USD/CHF formed yesterday a positive day reversal after already a 0,9080 undershooting, but only a daily closing above 0,9200 will however confirm a s/t bottom suggesting a higher retracement. The yearly closing was negative missing therefore to confirm last year’s positive year reversal. The monthly one was even weak. Despite the pressure the dollar failed however to confirm a daily closing below 0,9095!! The indicators of the daily chart are already returning above the line where we still find those of the monthly one; only the indicators of the weekly chart are still negative. The indicators of the s/t charts are also positive this morning suggesting further consolidation/ correction. Only an hourly closing above 0,9220 will however support an extension of the move up, corrective one, suggesting a retest of the 0,9250/70 area where we expect decent resistance. This move up is a s/t sell for a return toward the 200 hours line. We sell a 0,9260 overshooting!! We still kept over the year end our long position that we evaluated at the year-end settlement of 0,9150 taking part of the loss into last years’ p&l.
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Future Trend Research