The USD/CHF confirmed a further session of consolidation interior the inside day with 0,9240 – 0,9075 still the levels to follow in the coming hours. A possible break of the support will postpone the move up favouring a deeper correction and this could mean even a 0,9000 undershooting!
The indicators of the daily chart are still in positive territory but those of the s/t ones are mixed this morning supporting further consolidation. We have still the suggested potential S_H_S formation with the neck line already broken, now resistance at 0,9175; while below this level the dollar should remain under some pressure, scenery that only break above 0,9210 will abort resuming the move up.
We remain on the sideline!!
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