USD/CHF: sentiment changes from bullish to bearish

Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The broad tone of data should show that the U.S. economy is holding up much better than the rest of the world and that would lend more durable support for the U.S. dollar."
- Bank of Singapore (based on Reuters)

Pair's Outlook

For now resistance at 0.9662 manages to contain USD/CHF, but the bullish momentum seems to be preserved, therefore the rally is likely to be extended. This means there is a high probability of 0.9716/0.9698 and 0.9810/0.9799 being reached in the near future, development of events also suggested by weekly and monthly technical indicators.

Traders' Sentiment
Traders had a change of heart not only towards USD/JPY, but towards USD/CHF as well, revealing how strong was the impact of yesterday's news. Previously dominant bullish sentiments are now shared among a minority—26% of all market participants. The part of buy orders dropped to 62%.
© Dukascopy Bank SA
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Actual Topics

Fri, 17 May 2013 15:34:42 GMT

AUD/USD falls below 0.9738

After some initial resistance pair managed to breach 0.9738. technicals do not give strong clear indications about further development.

Fri, 17 May 2013 08:37:22 GMT

USD/JPY is no longer considered bullish

This week USD/JPY was sidelined, presumably because of bulls' unwillingness to enhance their exposure to the U.S. Dollar, as overhead lies the rising resistance line at 103.47/19.

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