(0,9290) The USD/CHF failed to confirm the break below 0,9300 and since yesterday it is finding good support at the 100 days line at 0,9294. While above this line on a daily closing we expect this dollar to resume the move up, sooner than later!! However while below 0,9320 on an hourly closing the risk is still to see a test of our s/t target at 0,9269 with even a possible undershooting!! The indicators of the daily chart are still well negative as well as those of the s/t ones supporting further weakness. Further bullish divergences are still supporting a negative tone!! We stay on the sideline waiting for a possible extension of the decline to open a new m/t position!!
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Future Trend Research