USD/CHF underpinned by 0.9038/25

For the time being USD/CHF manages to stay afloat above 0.9038/25 (100-day SMA and monthly PP), suggesting there is still a chance the greenback will recover and touch the 200-day SMA before the quarter ends. And even if this support zone is breached, there are also the rising line at 0.8986/71 and the 2012 highs at 0.89 that could help the price regain bullish momentum.

The distribution between the bullish and bearish market participants remains perfectly the same as yesterday—72% of positions are long and 28% are short. In the meantime, the share of buy orders 100 pips from the current price proved to be volatile, it advanced from 51% up to 56%.