© Dukascopy Bank SA
- Reuters
Pair's Outlook
USD/CHF pair continues to appreciate with a target at 0.9380/0.94 area, where a lot of resistance levels go. Last Thursday the price was already pulled back from this zone with a peak at 0.9387. But to prepare for a proper price settlement in this zone, it has to reach this level and close a D1 candle around this area, what would indicate about possible changes in trend.
Traders' Sentiment
An absolute majority of SWFX market traders, 74%, expect the Dollar appreciation and only 26% believe in an alternative scenario. Placed orders market has 65% orders for a buy position and 35% for sell.
© Dukascopy Bank SA