USD/CHF remains beneath 0.9475/72

USD/CHF is closing in on Mar 14 high at 0.9567 that has previously triggered almost a four-figure dip and is therefore a key to long-term bullish outlook; although the pair has already encountered difficulties at 0.9475/72, being unable to extend the rally above it. The nearest supports that could help the price to recover are at 0.9430, 0.9404 and 0.9382/79.

Conviction of the market that USD/CHF currency pair has already topped out and is thereby on the verge of a reversal is rapidly growing. At the moment 69% of traders expect decline of the price. In the meantime, the gap between the buy (55%) and sell (45%) orders is also widening.