(0,9407) The USD/CHF confirmed another session of consolidation remaining interior Friday range and the inside day with 0,9475 – 0,9340 still the levels to follow in the coming hours. Only a daily closing above 0,9475 will support a direct extension of the move up suggesting a 0,9515 overshooting!! Yesterday’s closing was however below the 200 days line, now again resistance at 0,9427! The indicators of the daily chart are still well positive but also still showing potential negative reversals and overbought conditions. The indicators of the s/t charts turned all below the line this morning suggesting further consolidation/ correction. Only an hourly closing below 0,9390 will however support lower levels with the 200 hours line at 0,9351 the attraction. We are still waiting for a decent correction to buy again this dollar while however following the inside day for a possible break out!!!
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