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- National Australia Bnak Ltd. (based on Bloomberg)
Pair's Outlook
As USD/CHF pair has settled in the lower part of Bollinger bands on Friday, the pair fluctuates around a 0.9124 level, which was the support for a price's reverse after Christmas break. The pair is bounded by a taper triangle, which has the lower boundary at 0.9076, together with the Bollinger band and the weekly S1, and the upper boundary at 0.9204, merging with the monthly PP. Also, there is an important resistance level at 0.9178, where the 20-day SMA and the weekly PP level are located.
Traders' Sentiment
The Swiss Franc recovers its position, as 57% of positions are long and 43% are short. Pending orders segment provides bullish data, as 63% of orders are long and 37% are short.
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