USD/CHF upheld by 2012 lows

USD/CHF has found support represented by the 2012 lows at 0.89 and did not proceed with the decline. However, being that a significant number of technical indicators continue showing 'sell' signals, this level might not be able to stay intact for long. Then the price could fall as low as 0.8730, the current location of the downward-sloping trend-line.

Similarly to the situation in USD/JPY, the distribution between the bulls and bears in USD/CHF is also not subject to change—while the former take up 72% of the market, the latter—merely 28% of it. Concerning the orders, there is no significant difference between the amounts of buy (52%) and sell (48%) ones.