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- Reuters
Pair's Outlook
Today USD/CHF pair moves sharply south, as the price found a strong resistance level at 0.9430, location of the monthly R1. As the price showed a strong impulse down, it is very likely USD/CHF will continue depreciation till the nearest serious support levels around 0.9368/52, the weekly PP and the 55-day SMA, or even till 0.9330, where we can find 20-day SMA , the weekly R1 and the monthly PP.
Traders' Sentiment
The Swiss Franc's situation changes slightly and stays very difficult, as 71% have a long position for the U.S. Dollar and only 29% have a position in Swiss francs. Placed orders comes with exactly the same figures, 71/29, supporting the price decrease.
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