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 0,8683, scenery that we still do not favour!! The indicators of the daily chart are still positive but very close to the line. Those of the s/t ones are also positive. While above the 200 hours line at 0,9202 we expect the dollar to move slowly higher.
For the moment we suggest still following the outside day while waiting for stronger signals!!
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FUTURE TREND RESEARCH