The USD/CHF confirmed a session of consolidation forming a new inside day with 0,9240 – 0,9075 the levels to follow in the coming hours. A possible break of the support will postpone the move up favouring a deeper correction!
The indicators of the daily chart are still in positive territory but those of the s/t ones are below the line at the moment supporting further consolidation/ correction.
In the hourly chart we have a potential S_H_S formation with the neck line at 0,9148; we suggest however waiting for an hourly closing below the 200 hours line, 0,9128, as a confirmation of lower levels!!
Only a break above 0,9210 will resume the move up .
We remain on the sideline!!
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