© Dukascopy Bank SA
"Officials in President Barack Obama's administration told leaders of business and financial services groups that negotiations with Boehner deteriorated in the last 24 hours"
- Bloomberg
Pair's Outlook
USD/CHF pair's depreciation was stopped at 0.9130 yesterday. The price was slipping even lower in the beginning of a trading session, but active bulls pushed the currency pair higher back into a down-sloping channel. The price is at a very important support level, 0.9130, where the down-trend line merges with the lower Bollinger line and the 423% Fibo level, from the down-side wave since 13th of November.
Traders' Sentiment
The Swiss Franc totally lost demand, as the majority of investors expect to see an appreciation of the Dollar soon. 82% of traders have long positions of USD/CHF pair and only 18% have short positions. Pending orders segment is also bullish, but not as strongly, since 71% of orders are buy and 29% are sell.
© Dukascopy Bank SA