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- Reuters
Pair's Outlook
Situation in USD/CHF pair does not change, as the price remains in a narrow range below the up-trend line at 0.9279. If the currency pair moves north, it is likely to see it around a 0.9327/46 area, where the monthly PP and weekly R1 merge with the 55-day SMA. Provided that the price continues its depreciation, the key support will be a 0.9190/80 area, where the weekly S2 and monthly S1 intersect with the lower Bollinger band.
Traders' Sentiment
Bears control the market in USD/CHF pair, as the buy side has 60% of the market and the sell side has 40%. Pending orders market increases its bearish sentiments, as the amount of buy orders reduced to 59% and sell orders reached 51%.
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