The USD/CHF confirmed further consolidation interior the negative outside day with 0,9265 – 0,9055 still the levels to follow in the coming hours. A possible break of the support confirmed by a daily closing will extend the corrective move toward the 200 days line, now found at 0,8883, scenery that we do not favour!!
The indicators of the daily chart are still below the line while those of the s/t ones are mixed this morning suggesting further consolidation. While below the 200 hours line at 0,9193 we expect the dollar to remain under some pressure.
We remain still on the sideline while following the outside day.
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