© Dukascopy Bank SA
- Deutsche Bank Securities Inc. (based on Bloomberg)
Pair's Outlook
Yesterday USD/CHF slipped beneath the up-trend support line and the weekly PP level interacting at 0.9466. The pair remains under bullish pressure today as well, as the price is just at the 20-day SMA at 0.9444 and is preparing for the second attempt to breach this level. It seems that the manoeuvre will be successful and will then open a free area till 0.9365, where the 200-day SMA and the weekly S1 merge.
Traders' Sentiment
The bulls failed to maintain the majority, as their part shrunk to 45% and lost the lead in USD/CHF pair. Waiting orders market preserves bullish orientation and is ready to long every price's dip, since 54% of orders are prepared to sell the Swiss Franc.
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