© Dukascopy Bank
"The economy is continuing to head in the right direction"
- TD Securities (based on Bloomberg)
пЃ® Industry outlook
After a strong resistance at 0.9341/99 has repelled the attack of the currency pair, the outlook is temporary negative for USD/CHF. Nonetheless, dips should be limited by supports located at 0.9040, 0.9015 and 0.8950.
пЃ® Traders' sentiment
USD/CHF is the only pair where no significant alterations were spotted. Long positions continue to outweigh the short positions, being 65% and 35% of the market accordingly, since the Swiss Franc is the least popular currency among its major counterparts at the moment.
пЃ® Long position opened
Investors should pay attention to the identified with the help of the standard pivot point method resistance zones, as they might be useful during intraday trading. The initial resistance level is at the level of 0.9260, whereas R2 and R3 are situated at 0.9318 and 0.9393 accordingly.
пЃ® Short position opened
Major FX traders expect the price to test the initial support level at 0.9127. The breakout of this line will pave the way for the price to test S2 at 0.9052 and S3 at 0.8994.
© Dukascopy Bank