© Dukascopy Bank
"There are "slightly diminished prospects for the SNB meeting, with the market seeming less convinced of aggressive SNB action"
- FXPro Financial Services Ltd. (based on Bloomberg)
пЃ® Industry outlook
The American Dollar - Swiss Franc currency pair is making an attempt to finally break through a tough resistance area which lies at 0.9341/99. In case USD/CHF confirms a break of 0.9400, further goal will be set at 0.9776/84.
пЃ® Traders' sentiment
The fact the Swiss Franc is the least popular currency in the market among the major currencies is reflected in the sentiment towards USD/CHF pair, where the majority of traders (65.49%) expect the pair to surge, while 34.51% of them believe the American Dollar will depreciate.
пЃ® Long position opened
Bullish investors should pay attention to the key resistance levels for intraday trading. R1 is situated at 0.9424, followed by R2 and R3 at 0.9476 and 0.9565 respectively.
пЃ® Short position opened
Bearish traders will pay attention to the key support levels to close their deals. The forecast targets are 0.9283, 0.9194 and 0.9142.
© Dukascopy Bank