(0,9185) The USD/CHF confirmed a weak closing below the support of the inside day at 0,9175 suggesting further downside risk toward 0,9110 if not even 0,9035!! The indicators of the daily chart are still well negative as well as those of the s/t ones are supporting further weakness. While below 0,9215, where we find a s/t resistance line, the dollar will remain under pressure suggesting further weakness. Only a move above the 200 hours line at 0,9225 will take off some pressure favoring a correction! We stay on the sideline.
Read the full report: USDCHF 08.28
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