USD/CHF trades at a four-month high

Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The U.S. economy is doing OK and I think it's going to have a reasonable 2013. You're going to see the value of the greenback very sensitive to movements in unemployment data."
- Rochford Capital (based on Bloomberg)

Pair's Outlook

Friday's trading session was very volatile in USD/CHF, as the price jumped from the weekly S1 at 0.9427 to 0.9550 for a moment exceeding the Bollinger band by 40 pips and closed on a four-month high at 0.9513. If the price remains in the upper part of this level, it is very likely to see further appreciation at least till a 0.96 level. On the other hand, the price reached the weekly Bollinger band and further advancement is most likely just after a noticeable correction.

Traders' Sentiment
Popularity of the Swiss Franc takes is increasing, as bears of the pair posses 68% of orders and bulls 32%. Pending orders' segment is bullish-oriented, with 59% of long orders and 41% of short orders.
© Dukascopy Bank SA
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