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"U.S. data on Wednesday showed groundbreakings for U.S. homes surged in September at their fastest pace in more than four years, a sign the housing sector's budding recovery is gaining traction."
- ReutersPair's OutlookUSD/CHF pair experienced a consolidation during the yesterday's trading session, when price was stuck on 0.9228 support level. As the price breached the lower Bollinger band line, together with RSI value of 35, it is very likely to see some correction impetus in this currency pair soon. A possible resistance level for that would be 0.9292.
Traders' SentimentUSD/CHF pair keeps its bullish sentiments on SWFX market, as 74% traders have a long position and only 26% have shorted this currency pair. Pending orders segment shows slightly different figures, as 58% orders are for a long position and 42% for a short one.
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