© Dukascopy Bank SA
- Westpac Banking (based on MarketWatch)
Pair's Outlook
For the time being USD/CHF manages to stay afloat above 0.9038/25 (100-day SMA and monthly PP), suggesting there is still a chance the greenback will recover and touch the 200-day SMA before the quarter ends. And even if this support zone is breached, there are also the rising line at 0.8986/71 and the 2012 highs at 0.89 that could help the price regain bullish momentum.
Traders' Sentiment
The distribution between the bullish and bearish market participants remains perfectly the same as yesterday—72% of positions are long and 28% are short. In the meantime, the share of buy orders 100 pips from the current price proved to be volatile, it advanced from 51% up to 56%.
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