(0,9155) The USD/CHF confirmed a weak closing last night plunging again below 0,9200. Only the rise of the EUR/CHF cross limited the drop. The indicators of the daily chart closed below the line and of course also those of the s/t ones are in negative territory suggesting further downside pressure. In the hourly chart we have however oversold conditions and potential positive reversals that should help in the s/t to limit the downside favouring even a rebound that will however find resistance already at 0,9200 before the 200 hours line at 1,9214!! We prefer remaining on the sideline for now but this drop has of course aborted our target at 0,9378!!
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Future Trend Research