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"I don't think it's going to be hard to maintain a growth of 3 percent for the fourth quarter."
- Northern Trust Company (based on New York Times)
Pair's Outlook
The Swiss currency continued to weaken versus the US Dollar, but the currency cross stopped rising in value after reaching the Bollinger band at 0.9613. This level is placed just below the up-trend, which is reinforced by weekly R2 at 0.9652. The USD/CHF pair is likely to have some issues with crossing these levels; however, if the testing is successful, it may grow up to October high and monthly resistance around 0.97. In case of failure, the Dollar will be at risk of the decline down to the weekly pivot point below 0.95.
Traders' Sentiment
Bulls continue have the majority of opened positions (53%), while pending orders improved to become positive in the last 24 hours, as 56% of them in 100-pips range are now set to by the US Dollar.
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