© Dukascopy
"We're witnessing political polarization spooking markets"
- PFA Pension fund (based on Bloomberg)
Industry outlook
As long as the pair floats above a key support at 0.9094 and a strong area situated at 0.8555/50 the outlook will be positive. In the meantime the initial target for USD/CHF is 0.9317 while it is en route to 0.9341/99.
Traders' sentiment
The portion of market participants who deem USD/CHF currency couple as eager to move upwards has dropped down to 59.17%. At the same time more traders (40.83%) perceive the pair as a bearish one than yesterday.
Long position opened
Bullish investors should pay attention to the key resistance levels for intraday trading. R1 is situated at 0.9231, followed by R2 and R3 at 0.9265 and 0.9351 respectively.
Short position opened
Key support for USD/CHF intraday trading is situated at 0.9145. In case S1 is penetrated, traders with short positions are likely put their T/P orders at 0.9093 and 0.9007.
© Dukascopy