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"You've got America facing its fiscal cliff and you have Europe with its sovereign debt problems. So when you put all of that together it doesn't suggest that world growth is very strong"
- Reuters
Pair's OutlookSituation in USD/CHF pair does not change, as the price remains in a narrow range below the up-trend line at 0.9279. If the currency pair moves north, it is likely to see it around a 0.9327/46 area, where the monthly PP and weekly R1 merge with the 55-day SMA. Provided that the price continues its depreciation, the key support will be a 0.9190/80 area, where the weekly S2 and monthly S1 intersect with the lower Bollinger band.
Traders' SentimentBears control the market in USD/CHF pair, as the buy side has 60% of the market and the sell side has 40%. Pending orders market increases its bearish sentiments, as the amount of buy orders reduced to 59% and sell orders reached 51%.
© Dukascopy Bank SA