SPOT USDCHF - improving intraday signals point to temporary gains
This week’s signals for USDCHF are bearish and point to selling rallies. This is so far being confirmed as Monday’s initial gains, despite ending a trend of lower daily highs, attracted sellers for sentiment to post a modest down-day. However, buyers have returned to the market in Asia this morning and although gains are likely to be temporary, with intraday signals improving the outlook for Tuesday is to buy modestly on the open and then at .9606, yesterday’s low with a stop loss at .9573, the last 4 week Marabuzo line. Targets are to .9677, yesterday’s high, .9725, Wednesday’s open and .9766, last week’s top.
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