(0,9328) The USD/CHF formed on Friday a positive outside day while however remaining interior the previous positive outside day with 0,9350 – 0,9195 still the levels to follow in the coming hours. Only a daily closing above the resistance at 0,9350 will support a direct retest of the 200 days line, now found at 0,9391!! The indicators of the daily chart are however still well negative as well as those of the weekly one keeping some pressure on this dollar. The indicators of the s/t ones still showing a mixed picture supporting further consolidation/ correction. In the hourly chart we started seeing bearish divergences suggesting a positive tone! While above the 200 hours line at 0,9300 we expect the dollar to further extend its move up suggesting a break above 0,9350, still the s/t key level for a 0,9400 overshooting!! Only an hourly closing below 0,9275 will resume the decline suggesting a retest of the lows! We stay on the sideline waiting for stronger signals!!
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Future Trend Research