USD/CHF aiming at 0.97

Pair finished last week with very aggressive, 200 pip, rally and at the moment is trading just slightly below 0.97. With such pace it is likely to reach 2013 high at 0.983 relatively soon. However, as short term Stochastic and RSI show, we still might see some dips which should be supported by the 0.958.

Situation seems rather unclear about the pair since amount of bulls in the market decreased by 3% during the weekend and is at 52% level at the moment. Pending orders are perfectly evenly distributed between the long and short traders.