© Dukascopy Bank
- IG Markets Securities Ltd. (based on Bloomberg)
пЃ® Industry outlook
In order to reignite bullish momentum and surge up to 0.9500/46 the currency pair has to penetrate resistance at 0.9400. Dips, however, should be limited by support lines located at 0.9320, 0.9200 and 0.9170.
пЃ® Traders' sentiment
The American Dollar - Swiss Franc currency couple remains to be overbought considering the advantage in numbers of long positions in the market relative to the short ones, being 79.03% to 20.97%, accordingly.
пЃ® Long position opened
Bullish investors should pay attention to the key resistance levels for intraday trading. R1 is situated at 0.9387, followed by R2 and R3 at 0.9415 and 0.9441, respectively.
пЃ® Short position opened
Key support for USD/CHF intraday trading is situated at 0.9333. In case S1 is penetrated, traders with short positions are likely put their T/P orders at 0.9307 and 0.9279.
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