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"We are generally a bit more constructive on the outlook for the U.S. dollar overall."
- TD Securities (based on CNBC)
Pair's Outlook
As the 200-day SMA stays beneath the spot price, we retain a positive bias towards USD/CHF. There is still a fairly high possibility of the U.S. Dollar resuming its advancement en route to this year's high and monthly R2 at 0.9160. But first the currency pair will have to climb over 0.90, which has recently turned out to be a significant obstacle, and 0.9062/59, consisting of the monthly R1 and weekly R2 levels.
Traders' Sentiment
The present distribution between the long and short positions is little changed compared to the yesterday's figures. Right now 66% of traders plan to profit from an increase in the price of the Dollar in terms of the Swiss Franc.
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