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"We will see [U.S.] inflation decelerate a little bit from here, but probably not massively"
- RBC Global Asset Management (based on Bloomberg)
Pair's Outlook
Support area at 0.9508/0.9497 did not manage to halt USD/CHF, allowing it to aim for 0.9374/67. In case the latter level is violated as well, the currency pair might return to its long-term uptrend support line at 0.9280/46, where 100 and 200 day SMA are currently situated as well. Nonetheless, after temporary weakness of the U.S. Dollar relative to the Swiss Franc, the present trend should be reversed, as suggested by monthly indicators.
Traders' Sentiment
SWFX marketplace traders' sentiment is unchanged towards USD/CHF since the previous week, as 70% of market participants are bullish and 30% of them are bearish on the currency couple. However, only 46% of orders are to buy the U.S. Dollar.
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