© Dukascopy Bank
- SNB (based on Bloomberg)
пЃ® Industry outlook
The American Dollar - Swiss Franc currency pair hovers just above an immediate support line at 0.9356, while a subsequent level is at 0.9318 (22 day ma). In case USD/CHF surges, it will encounter resistances at 0.9381, while a key level is at 0.9545.
пЃ® Traders' sentiment
The overwhelming majority of market participants in USD/CHF is formed by bullish traders who constitute 81.27% of the market, while the remaining part constitutes only 18.73% of it.
пЃ® Long position opened
The price might rebound from the first resistance level at 0.9404, so major dealers are planning to close some of their long positions near this level. Subsequent goals for bulls are 0.9448 and 0.9497.
пЃ® Short position opened
A part of the brokers will close their short positions near initial support level at 0.9311. In case of downtrend continuation, the pair might rebound from the S2 at 0.9262 or S3 at 0.9218.
© Dukascopy Bank