© Dukascopy Bank SA
- Societe Generale SA (based on Bloomberg)
Pair's Outlook
During Friday trading session USD/CHF pair moved up and checked the 200-day SMA at 0.9466. Seems that the check test was successful, as the price closed beneath the moving average and today extends a downside movement. The possible support levels are 0.9393, the weekly S1, and the 0.9362-0.9344 range, where the 55-day SMA and the weekly S2 cross.
Traders' Sentiment
SWFX market distribution for USD/CHF pair remains extremely bullish, as the buy side contains 71% positions and the sell side only 29%. Pending orders segment also has sentiments for a bullish movement, since 73% orders are placed for a buy position and 27% for a sell position.
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