© Dukascopy Bank SA
- Westpac Banking Corp. (based on Bloomberg)
Pair's Outlook
After a Federal Reserve System's decision to expand monetary measures, USD/CHF pair is sharply depreciating, mainly due to a loss of a Dollar's value. The price has already broken a two-month low at 0.9213 and currently is traded around the lower Bollinger band at 0.9212. The next support level is at 0.9180, where the monthly S1 merges with the weekly S2.
Traders' Sentiment
Expectations to see an appreciation of USD/CHF pair is currently controlling SWFX market, as the majority of positions, 83%, are long and only 17% are short. Placed orders segment also maintains bullish sentiments, as 68% of orders are buy and 32% are sell.
© Dukascopy Bank SA