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"The dollar is susceptible to weakening because expectations for additional easing are rising ahead of the policy meeting next week. A decline in employment and the economy is the biggest concern for the Fed"
- FX Prime Corp. (based on Bloomberg)
Pair's Outlook
The market has respected a support at 0.9563/56 and is currently attempting to push the currency pair up from the area, though this has proven to be unsuccessful for now. The dip may extend down to 0.9510/0.9492, but should be stopped there, given toughness of the level. An interim resistance is at 0.9602, though is expected to be penetrated easily in case USD/CHF confirms its intentions to advance.
Traders' Sentiment
Sentiment of SWFX marketplace liquidity consumers has not experienced considerable changes over the last 24 hours, as bulls continue to dominate the market, forming 62% of it. At the same time bears constitute only 38% of the overall amount of traders. As for the commands, 62% of them are sell orders and the remaining part (38%) are buy orders.
© Dukascopy Bank SA