(0,9220) The USD/CHF confirmed a negative closing failing again to confirm a move above the resistance of the inside day at 0,9265. Now, only a daily closing above 0,9290 will confirm a test of the 200 days line at 0,9346!! The weekly closing was negative missing a weak one!! The indicators of the daily chart are still well negative as well as those of the weekly one supporting further weakness. The indicators of the s/t ones are instead still showing a mixed picture with however a negative bias. While below 0,9290 on an hourly closing the dollar will remain under pressure suggesting further weaknesss toward 0,9110 if not even 0,9035!! We stay on the sideline.
Read the full report: USDCHF 08.29
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