(0,9473) The USD/CHF confirmed a 0,9560 overshooting before however plunging lower for a correction forming a negative day reversal. Overall the dollar is however still interior the inside day with 0,9565 – 0,9405 still the levels to follow in the coming hours. Only a daily closing above 0,9565 will confirm a direct extension of the move up!! The indicators of the daily chart are still well positive but those of the s/t ones turned below the line suggesting further consolidation/ correction with the 200 hours line at 0,9422 now the possible attraction. The dollar already moved below the 200 hours line now s/t resistance at 0,9473. While below this line we expect an extension of the correction even below 0,9400!! We prefer remaining on the sideline waiting for lower levels to buy!
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