© Dukascopy Bank SA
"U.S. economic data has been good, and the Fed's shift from ending quantitative easing to tightening is becoming more certain. As the Fed's rate hike comes in sight, the dollar will strengthen."
- Mitsui Banking (based on Bloomberg)
Pair's Outlook
Though many of the daily and weekly studies were bullish, USD/CHF failed to close above 0.92 and instead returned to the weekly PP level. The current pull-back may extend a little deeper, down to the 2014 Q1 high at 0.9150, but the currency pair will still be expected to re-test 0.9250 in the nearest future, being that the overall bias is to the upside as long as the up-trend and 100-day SMA at 0.90 are intact.
Traders' Sentiment
While there is no real difference between the numbers of long (51%) and short (49%) positions open in the market, there are more traders willing to acquire the Greenback (56%) than to sell it (44%) against the Franc.
© Dukascopy Bank SA