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"The NRF said yesterday it may revise its holiday forecast once more is known about whether the U.S. Congress and Obama administration will avert the so-called fiscal cliff of budget cuts and tax-rate changes in 2013"
- Based on BloombergPair's outlook
USD/CHF pair's depreciation increases its pace, as the price has sharply slipped in Friday's trading session. Currently, the price has found a support at 0.9280, just around the lower line of Bollinger band. However, the price falls so quickly, that technical indicators already show an overbought signals, as the RSI has value of 23 in H4 graph and 31 in a daily graph.
Traders' sentiments
USD/CHF pair's sentiments stay constant, as the currency pair experiences a harsh depreciation. The bullish side still controls 73% of opened positions market and the bearish side only 27%. In the pending order segment the bullish expectations have a slightly higher share of market than bearish, 55% and 45% respectively.
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