(0,9250) The USD/CHF confirmed a strong closing last night already above 0,9200 before extending further its move up this morning. A daily closing above 0,9230 will confirm a s/t bottom supporting a firm retest of the 0,9305 key level; a break also above this last level will support a rally toward the 200 days line, now found at 0,9431! The indicators of the daily chart are now again well positive as well as those of the s/t ones supporting higher levels. In the hourly chart we have however overbought conditions showing potential negative reversals that could start limiting the upside if not even favouring a move lower. For the moment we suggest however waiting for further confirmations. The DOLL/CHF is breaking above an important resistance line, 0,9255, while at 0,9275 we have a potential neck line of a possible reversed S_H_S formation!! We prefer still remaining on the sideline!!
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Future Trend Research