© Dukascopy Bank
"There's still a very high level of unemployment despite the improvement that we're seeing. There's still a long way to go [for the US economy]"
- Credit Suisse (based on Bloomberg)
пЃ® Industry outlook
As long as the currency couple is supported by a strong area situated at 0.9350/60, the bias remains bullish. The Dollar is thus expected to carry on appreciating relative to the Swissie before a height of 0.9500/25 is approached.
пЃ® Traders' sentiment
The vast majority of positions (75.11%) held on USD/CHF pair is bullish, being that the Swiss Franc is the least popular currency among its counterparts. Only 24.89% of traders remain being short on USD/CHF.
пЃ® Long position opened
Bullish investors should pay attention to the key resistance levels for intraday trading. R1 is situated at 0.9426, followed by R2 and R3 at 0.9470 and 0.9512, respectively.
пЃ® Short position opened
Key support for USD/CHF intraday trading is situated at 0.9340. In case S1 is penetrated, traders with short positions are likely put their T/P orders at 0.9298 and 0.9254.
© Dukascopy Bank