© Dukascopy Bank
- Tokyo-Mitsubishi UFJ Ltd. (based on Bloomberg)
пЃ® Industry outlook
USD/CHF currency couple is restricted in movement by a strong resistance area from above at 0.9341/99 and by support from below at 0.9040. Additional support is provided by lines at 0.8950 and 0.8730.
пЃ® Traders' sentiment
Supporters of American Dollar have preserved their prevalence over those who preferred acquiring Swiss Franc against the greenback, namely 58.3% of traders are long and 41.7% of them are short on the pair.
пЃ® Long position opened
Major market participants are likely to close their long positions at the key resistance levels. The primary short-term target will be reached at 0.9273. The breakout of this level will pave a way for a bullish run up to 0.9311 and then to 0.9334.
пЃ® Short position opened
A part of the brokers will close their short positions near initial support level at 0.9212. In case of downtrend continuation, the pair might rebound from the S2 at 0.9189 or S3 at 0.9151.
© Dukascopy Bank