(0,9260) The USD/CHF confirmed a positive closing last night extending already the move up this morning. A daily closing above 0,9290 will support a retest of the 200 days line at 0,9344! The indicators of the daily chart are now on the way above the line while those of the s/t charts are already well positive supporting further s/t strength. In the hourly chart we have however overbought conditions and potential negative reversals that will be aborted only in case of a 0,9290 overshooting. the move up hit a s/t resistance line at 0,9270 where the dollar could find some good resistance. We stay on the sideline.
Read the full report: USDCHF 08.29
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