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"We expect tightening will start by June 2015, but, of course, that will depend on the data. For now, there is no urgency for officials to use the statement to signal an imminent move."
- High Frequency Economics (based on MarketWatch)
Pair's Outlook
As expected, the US currency gained enough bullish momentum to start rising, as the pair breached the weekly pivot point and 20-day SMA around 0.95 and decided to advance further. The next short-term goal is located at 0.96, as it is strengthened by the weekly R1 and Bollinger band. The ability to cross this line will most likely determine the pair's future development. In the long-term, however, the Swiss franc may start putting more pressure on the Buck, as suggested by bearish monthly technical studies.
Traders' Sentiment
The probability of Dollar's rise is dampening, as the number of long positions (55%) declined for the past 24 hours, while 53% of pending orders are now set to sell the American currency against the Swissie.
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