The USD/CHF confirmed a break below 0,9145 extending the correction toward 0,9065; still possible an extension toward the 200 4h line that we find today at 0,9004. The monthly closing was instead positive not confirming the previous month’s negative reversal.
The indicators of the daily chart turned negative but those of the monthly one are still well above the line. The indicators of the s/t charts are negative this morning suggesting further consolidation/ correction.
While below the 200 hours line at 0,9198 we have to expect the dollar to remain a little under pressure suggesting a retest of yesterday’s low with even a possible undershooting.
We remain still on the sideline.
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