(0,9103) The USD/CHF confirmed a further weak closing last night but still managing remaining above 0,9100 for now. However, further weakness has to be expected suggesting a retest of the 0,9020 level: a break also below this level confirmed by a daily closing will open the way for an important drop toward 0,8500/ 0,8300!! The indicators of the daily chart are well negative while those of the s/t ones are showing a mixed picture this morning suggesting some consolidation/ correction. Only an hourly closing above 0,9130 will however support a correction with good resistance already at 0,9170 before the 0,9220 area! We still want to buy a possible 0,9070 undershooting!!
Read the full report: USDCHF 09.20
Future Trend