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"We should start to see now further evidence that we've had a bottom on the growth profile, and we should see an improvement in China's PMI. It would probably be a negative for the U.S. dollar"
- Westpac Banking Corp. (based on Bloomberg)Pair's OutlookUSD/CHF pair yesterday accomplished a small correction from touching the 55-day SMA at 0.9374 and pulling back till 0.9300. However, the price settled above the 20-day SMA and currently tries to overcome it. If this is successful, the price will depreciate till 0.9276, where the weekly S1 and historical levels go.
Traders' SentimentTwo thirds of traders in SWF markets have bullish sentiments for this pair, as 71% investor keep a long position and 29% have a short. Spot market expectations are supported by pending orders segment, as 65% have placed a buy order and 35% a short.
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