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"The situation is stabilising now after relatively big moves last week and at the beginning of this week. But the franc could rise a bit more before weakening over the next six to 12 months."
- Sarasin (based on The Economic Times)
Pair's Outlook
At the moment pair seems to be stuck between the 55 and 100 day-SMAs. However, it is likely to maintain current trend ant test 0.948 again soon. As suggested by the Stochastic indicator on the daily chart we could see some short term sell offs, but it is unlikely to turn the pair around and should remain above the 91 cents..
Traders' Sentiment
Both, the share of open long positions and pending orders that are set to go long decreased by 1%. At the moment bulls account for 55% of all market participants and 52% of all pending orders are set to buy the Swiss franc against the greenback.
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