US$Chf had a choppy Wednesday, rising to 0.9373 before reversing to a low of 0.9285, and at the end of the session the dollar is closing near the lows.
1 hour/4 hour indicators: Turning lower.
Daily Indicators: Turning higher
Weekly Indicators: Turning lower
Preferred Strategy: The short term momentum indicators are looking heavy, and below 0.9285 opens up the Feb low of 0.9250, below which there is little support ahead of 0.9150.
On the topside, resistance will be seen at 0.9350/70 although above here looks unlikely today. If wrong, further offers will arrive near 0.9400 and above this would allow a move back towards 0.9470
|0.9403/08||12 Feb high/9 Feb high||0.9284||Session low|
|0.9397||13 Feb high||0.9250||2 Feb low|
|0.9365||100 HMA/200 HMA||0.9200||Minor|
|0.9350||Minor||0.9150||14 June 2015 low|
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