(0,9365) The USD/CHF confirmed a closing again above the 200 days line while however consolidating interior the previous day’s range forming a new inside day with 0,9420 – 0,9290 the levels to follow in the coming hours. A daily closing above 0,9420 could already resume the move up suggesting a 0,9460 overshooting!! The indicators of the daily chart are still well positive but those of the s/t ones are still showing a mixed picture with however a small positive bias despite potential negative reversals showing up in the hourly chart after the drop toward 0,9300. However, the drop failed to form divergences but we have a potential positive reversal suggesting a possible target at 0,9589. We try playing the positive scenery but wait for stronger signals before taking a position!
Read the full report: USDCHF 09.11
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