(0,9173) The USD/CHF confirmed another positive closing, even a strong one above the resistance of the positive outside day at 0,9160 suggesting further upside potential. The indicators of the daily chart have already turned positive supporting further strength and also those of the s/t charts are positive this morning supporting further strength. Possible therefore a direct extension of the move up toward 0,9220 if not even 0,9280 where we find also the 100 days line. At 0,9330 we find an important down sloping resistance line!! We wait for higher levels but we suggest considering that the hourly indicators are well overbought and showing potential negative reversals!!!
Click here to read the full report: USDCHF 02.08
Future Trend Research
