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"Sixty-eight percent of 60 economists said the Fed chairman's third round of quantitative easing will last until late next year or beyond. Just 51 percent of them said the strategy will help boost employment, with a median estimate of 116,000 jobs over the course of next year"
- BloombergPair's OutlookIn yesterday's trading session USD/CHF has retreated from 0.9262 support level and sharply appreciated, with a peak at 0.9330. USD/CHF pair fluctuates in a downward sloping channel together with neutral technical indicators, therefore it is very possible that the price is consolidating and preparing for a high timeframe impulse. If the channel idea is true, it is likely to see the price increase to a 0.9360 level.
Traders' SentimentUSD/CHF keeps an overbought pair's status, as 74% traders have a buy position and only 26% a short. As for the orders placed on the pair, 63% are buy and 37% are sell orders, and thus imply existence of a significant support situated near the spot price, which will delay decline.
© Dukascopy