USD/CHF Technical Analysis

(0,9297) The USD/CHF formed a positive day reversal but only a daily closing tonight above 0,9328 will confirm a s/t bottom. The indicators of the daily chart are however still well negative while those of the s/t ones are showing a mixed picture suggesting further consolidation/ correction. Only an hourly closing above 0,9328 will support higher levels suggesting an overshooting of the 200 hours line at 0,9336! While below the 200 hours line the risk is to see a retest of Friday’s low! We stay on the sideline!!

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