(0,9425) The USD/CHF confirmed weak closing while however remaining still interior the inside day with 0,9635 – 0,9395 still the levels to follow in the coming hours. A possible break of the support will lead to a test of the 200 days line, still at 0,9357! This decline is corrective and a buying opportunity! The indicators of the daily chart are still well negative and also those of the s/t ones are still below the line supporting further weakness. Bullish divergences now even in the 4h chart support a negative tone. In the s/t only an hourly closing above 0,9525 will postpone further weakness favouring a rebound toward the 200 hours line, now found at 0,9574!! We stay on the sideline while following the inside day!!
We buy a 0,9350 undershooting
Read the full report: USDCHF 06.06
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