USD/CHF cannot breach the monthly R1 Dukascopy

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The greater the momentum in the U.S. economy, the sooner the Fed will taper off QE and the higher the U.S. yields will rise." 
- Westpac Banking Corp. (based on Bloomberg)

Pair's Outlook

Yesterday the pair was pushed down from the monthly R1 level at 0.9488, but the price has not reached any reasonable support level and today attempts to regain the lost positions. USD/CHF is traded above all major SMAs, along the upper Bollinger band, thus the bullish trend remains intact, while the closest targets are likely to be placed around the 0.96 level.

Traders' Sentiment
In general SWFX market participants maintain bearish positions, even though their share has decreased. There are 34% of bulls and 66% of bears in the spot market. Placed orders' segment is perfectly balanced, as both sides have equal amounts.
© Dukascopy Bank SA
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