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- William Dudley, FRB of New York President (based on Bloomberg)
Pair's Outlook
USD/CHF appears to slowly drift away from the resistances in the face of the monthly R1 and 200-day SMA after two prominent but unsuccessful attempts to overcome them. In case of a persistent sell-off, an option not supported by the daily technical indicators, the pair could find strong support some 50-80 pips south. There is it going to meet a cluster created by the monthly PP and 55 and 100-day SMAs.
Traders' Sentiment
The gap between the bullish and bearish market participants narrowed, but only slightly—from 46 to 42 percentage points, meaning that a substantial majority of the traders still expect the buck to outperform the Franc.
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