The USD/CHF confirmed strong daily closing while however remaining interior inside day with 0,8840–0,8555 still the levels to follow in the coming hours. Only a possible break of the resistance confirmed by a daily closing will already resume the move up. The monthly closing was instead negative forming a negative month reversal but only a monthly closing below 0,8568 will confirm lower levels.
The indicators of the daily chart are still negative as well as those of the monthly one but at least the dollar managed to return above the 200 days line, now s/t support at 0,8728!! The indicators of the s/t charts are positive but we have already overbought conditions in the hourly chart showing also a potential negative reversal situation. The move up started however also to form bearish divergences suggesting a change of the tone.
We expect therefore further direct strength toward the resistance line at 0,8885
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