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- Legal & General Management (based on Bloomberg)
Pair's Outlook
During yesterday's trading session it seemed that the price will brake through the 200-day SMA very easily, however, the price retreated and currently retests the moving average from beneath. If the price settles below, we will experience an extension of a downside correction, with possible support levels at 0.9352, where the weekly PP and the 55-day SMA lie, and 0.9322 with the weekly PP and the 20-day SMA.
Traders' Sentiment
Traders at SWFX market are optimistic about USD/CHF pair, as 71% of traders hold long positions and 29% have short positions. The situation with orders also show uptrend expectations, since 68% investors ordered to buy and 32% to sell.
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