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- USForex (based on MarketWatch)
Pair's Outlook
Considering that USD/CHF has just overcome the monthly R1, the currency pair is now moving towards the 200-day SMA, which should prove to be difficult to breach. Accordingly, once the exchange rate approaches this resistance, there is a good chance the U.S. Dollar will return back to 0.9091/73 before gaining a solid foothold above 0.9182/60.
Traders' Sentiment
Most of the traders are strongly convinced that the greenback is going to outperform the Swiss Franc—as many as 72% of them are presently long on USD/CHF. At the same time the share of buy orders 100 pips from the current price contracted from 67% to 42.5%.
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