© Dukascopy
"Risk aversion is rising in all markets, and investors are increasingly focusing on slow global economic growth"
- Commerzbank (based on Reuters)
Pair's OutlookUSD/CHF pair loses its moving momentum and today the price has bounced down from a 93.61 level, also touching the 55-day SMA at 93.75. As the price eases its appreciation pace, we might expect some correction till near support levels around 0.9330, the 20-day SMA and weekly PP. After this the price might surge and check 0.94 level properly.
Traders' SentimentAn absolute majority of SWFX market traders maintain bullish sentiment towards this pair, as 72% have a long position and 28% a sell position. In a pending orders segment traders are placed 65% orders for a buy and 35% for a sell.
© Dukascopy