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"Risk appetite is still there and it's really coming from the European Central Bank board member comments saying they're for purchasing bonds"
- FXCM (based on MarketWatch)
Pair's Outlook
USD/CHF is flat and unwilling to make a distinct move at the moment. Leg up has a higher chance of appearing, though, judging by technical indicators, we might observe some more wobbling prior to a full-blown rally. An initial resistance is at 0.9729/40, while subsequent levels are located at 0.9793/0.9825 and 0.9954/1.0003 and will hamper appreciation of the greenback.
Traders' Sentiment
The Swiss Franc has become the least frequently acquired currency in SWFX marketplace. Accordingly, traders' sentiment is bullish and 73% of positions on the pair are long and merely 27% of them are short. The ratio between buy and sell orders is 53% to 47%, respectively.
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