Trading in USDCHF continues to be dominated by oscillation around the 13/100 day mvg avg area. Sentiment changed direction for a 3rd day in a row Wednesday and this lack of follow through means that immediate signals for sentiment cannot be strong. Nonetheless it is the weakness of the rally from last week's low that leaves our intraday signals for sentiment negative.
WE look for intraday rallies to find sellers near .9764 with downside targets of .9706, .9690 and .9649. Only above .9791 is positive,