© Dukascopy Bank SA
- Sumito Mitsui Trust Asset Management Co. (based on Bloomberg)
Pair's Outlook
Today USD/CHF pair is unchanged at the 100-day SMA and the weekly PP at 0.9299 after two bullish sessions. The pair is not very volatile recently, thus area around it is crowded by various resistances and supports with narrow intervals between. The closest resistance is at 0.9329, the 200-day SMA, and higher the 55-day SMA merges with the monthly S1 at 0.9379. In case the pair reverses, the monthly S2 at 0.9257 will become the next support.
Traders' Sentiment
An overwhelming majority of SWFX market acquire the U.S. Dollar against the Swiss Franc, as the buy side amounts to 83% at the moment. Pending orders segment is almost balanced, since 48% of orders are buy and 52% are sell.
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