(0,9660) The USD/CHF confirmed a strong closing well above the resistance of the inside day at 0,9640 suggesting further upside potential toward parity!! The indicators of the daily chart are still well positive as well as those of the s/t ones supporting further strength. Bearish divergences now also in the 4h chart support still a positive tone. While above the now good support area at 0,9600 we expect further strength toward next s/t target at 0,9703. The move up is however changing also the picture in the daily chart because of the formation of bearish divergences that are re-launching a positive tone suggesting a possible confirmation of the m/t target at 1,0306!! We wait for a buying opportunity.
Click here to read the full report: USDCHF 05.15
Future Trend