© Dukascopy Bank SA
"Our judgment would be that any drift away from the status quo (i.e., falling support for Obama) and the increase in uncertainty it implies would generally be negative for risk appetite and hence positive for the U.S. dollar"
- RBC Capital Markets (based on MarketWatch)
Pair's Outlook
The currency pair is expected to eventually erode support at 0.9343 and gain downward impetus, which in turn may lead to a retest of 0.9245. However, for the time being USD/CHF remains sidelined, as pointed out by technical indicators for all the three time intervals presented. In case the price increases, 0.9416/42 will be the first to try to negate a bullish run.
Traders' Sentiment
Traders' sentiment is largely unchanged towards USD/CHF, as 75% of market participants expect the pair to surge. On the other hand, the overall attitude to the Swiss Franc has changed significantly, as on average it has been acquired in 49% of cases, whereas this measure of market's interest in the currency did not exceed a mark of 30% just yesterday.
© Dukascopy Bank SA