© Dukascopy Bank SA
- BNP Paribas SA (based on Bloomberg)
Pair's Outlook
USD/CHF pair lost a downside momentum, as the price was stopped by the monthly S1 level at 0.9180 after a sharp depreciation previous week. The price approached the lower line of the Bollinger line, which now requires a moment of consolidation, but the price can unexpectedly reverse and start appreciation, as a majority of banks' estimations with respect to the exchange rate are above the 0.95 level.
Traders' Sentiment
The Swiss Franc maintains a weak position, as the sell side in the pair has only 25% of orders. Pending orders segment is bearish, 44% buy orders and 56% sell orders, indicating possible troubles to quickly move up.
© Dukascopy Bank SA