© Dukascopy Bank SA
- Barclays (based on CNBC)
Pair's Outlook
Yesterday there were still some doubts whether USD/CHF will manage to preserve the bullish impetus in the view of numerous resistances it had to breach. As it eventually turned out, neither of them was capable of halting the rally, falling one by one and in the end opening the path towards the March high at 0.9567. Currently this level is guarded only by the weekly R3 and the monthly R2.
Traders' Sentiment
Even though on the whole the SWFX marketplace participants are more optimistic regarding the perspectives of the Swiss Franc, there is no notable change in the sentiment towards USD/CHF in particular. Right now 71% of positions are bets on U.S. Dollar's strength and Franc's weakness.
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