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"If the minutes show that there was an active discussion on which measures should be used to provide additional stimulus, then this could be the first sign that the Fed may pull the trigger in September"
- BNP Paribas (based on Reuters)
Pair's Outlook
USD/CHF has presently a higher probability of violating an uptrend support at 0.9738/19 than rebounding from it. Therefore supports at 0.9691 and 0.9659/43 are likely to come under pressure, though the dip may reach 0.9589/85, as they are not nearly as formidable as the latter one. However, indicators on a weekly timeframe are strongly bullish, meaning that there is still a significant chance of a rally, which may not be rules out just yet.
Traders' Sentiment
The ratio between bulls and bears is fairly stable - 72% to 28%, signifying that an overwhelming majority of traders deem that the greenback preserves potential to increase in price, while the Swiss Franc is the least popular currency in SWFX marketplace at the moment. As for the orders, 43% of them are buy and 57% are sell orders.
© Dukascopy Bank SA