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"It's almost certain the Fed will announce that they are going to start buying Treasuries outright once Operation Twist ends. I suspect there will be a dollar-negative knee-jerk reaction"
- National Australia Bank Ltd. (based on Bloomberg)Pair's OutlookUSD/CHF pair gradually slips lower to retest the strength of the 20-day SMA at 0.9314. As the price entered the bullish side of the Bollinger line, the pair was pushed to retest its bullish sentiments. If the price remains above the 20-day SMA it is very likely to see a further appreciation.
Traders' SentimentBulls increase their share in USD/CHF pair, since 86% of traders already opened buy positions and only 14% have short positions. The pending orders segment does not possess such radical expectations, as 59% orders are buy and 51% are sell.
© Dukascopy Bank SA