The USD/CHF confirmed another strong daily closing even above the resistance of the inside day at 0,8840 suggesting further upside potential.
The indicators of the daily chart are however still in negative territory while those of the s/t ones turned mixed this morning supporting some consolidation/ correction.
The move up brought the RSI above 75% in the hourly chart but failed to form divergences. We had instead overbought conditions and a potential negative reversal situation that is now causing some s/t weakness. We expect a retest of the 200 hours line at 0,8769 from where we could however see another test on the upside!!
We remain on the sideline waiting for stronger signals..
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