The USD/CHF confirmed further consolidation interior the inside day with 0,9240 – 0,9075 still the levels to follow in the coming hours. Only 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 and this morning also those of the s/t ones are above the line supporting further upside potential. We need however a clear break above 0,9240 to support higher levels suggesting a retest of October’s top at 0,9317!!
We remain on the sideline while waiting for a trading opportunity while following the inside day!!
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