© Dukascopy Bank SA
- Capital Economics Ltd. (based on Bloomberg)
Pair's Outlook
USD/CHF fluctuates beneath the 200-day SMA for a third trading session. The price slipped below the 55-day SMA and moved along the Bollinger band, which is currently located at 0.9315. Since the pair is settled in the lower part of 55-day SMA and Bollinger band, a down-side movement is a high probability event. An interim support is at 0.9292, there the 100-day SMA is positioned.
Traders' Sentiment
Bears have a majority in the pair, since 53% of opened positions are short. Pending orders market also has a bearish exposure, though a more pronounced one—with 57% of orders to buy the Swiss Franc against the U.S. Dollar.
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