© Dukascopy Bank SA
- Bank Sarasin & Cie AG (based on Bloomberg)
Pair's Outlook
Yesterday USD/CHF finally breached into an area bounded by 55-day and 100-day SMA. The pair has stepped up from the 20-day SMA at 0.9173 and increased through the 55-day SMA and currently is around the weekly R1. In case the pair maintains bullish sentiments and appreciates according to the first-quarter forecast, the next major resistance level will be the 100-day SMA at 0.9268.
Traders' Sentiment
The Swiss Franc recovers its popularity, as the sell side of USD/CHF sharply increased and reached 49%. Pending orders segment is totally neutral, as both side have exactly 50% of placed orders.
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