USD/CHF retests the weekly PP

Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Even as economic indicators improve, we expect the Fed to continue monetary easing persistently. There isn't inflation concern yet in the U.S." 
- Mizuho Securities Co. (based on The Financial Times)

Pair's Outlook

After a bearish drop to the 20-day SMA last week, the price found strong bullish sentiments and started to regain lost positions. Currently the price is traded around the weekly PP level at 0.9466 and the closest resistance is at 0.9488, the monthly R1. Since USD/CHF remains in the upper part of Bollinger bands and passed a test of bullish trend's strength, bouncing from the 20-day SMA, the price should demonstrate an upside movement further.

Traders' Sentiment
SWFX market participants take a breath and wait for following actions, as 46% of orders are long and 54% are short. Pending orders market is bullish, being that 54% of orders are waiting to sell the Swiss Franc.
© Dukascopy Bank SA
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Actual Topics

Tue, 19 Mar 2013 15:43:10 GMT

EUR/JPY peaks to 124

Pair continued to appreciate with the possible intention to return to last weeks closing levels, but did not manage to advance above 124 and for the time being is being supported by 20 and 55 day SMAs.

Tue, 19 Mar 2013 15:00:07 GMT

AUD/USD jumps from 55–day SMA

Pair opened below 55-day SMA and it took a bit of a time to breach it, but once it did pairs advanced was rather quick and after appreciating by more than 50 pips today it is trying to return to week end levels and at the moment is testing the strength of the cluster of resistance levels around 1.04.

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