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"We do not anticipate a formal request [for an international bailout] by Spain until mid-October at the earliest"
- Brown Brothers Harriman (based on MarketWatch)
Pair's Outlook
Despite proximity of a formidable resistance area at 0.9376/0.9406 the U.S. Dollar carries on getting firmer relatively to the Swiss Franc. Nonetheless, current bearish outlook is preserved, unless the zone gives in and paves the way towards subsequent resistances that are considerably weaker, namely 0.9421/41 and 0.9486, which are thus less likely to halt advancement of the pair.
Traders' Sentiment
While the greenback is the most popular currency in SWFX marketplace (acquired in 66% of cases on average), three out of four traders are long on USD/CHF. However, the situation with the distribution of buy and sell orders is not as unequivocal, being 54% to 46%, accordingly.
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