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"The prevailing sentiment is that the U.S. dollar is going to remain weak"
- NAB (based on Bloomberg)
Pair's Outlook
The currency couple continues to breach supports one after another, giving no signs that the present bearish momentum is weakening. USD/CHF may rebound from 0.9253 to make a short-term bullish correction up to 0.9328/62, though the outlook will remain negative, largely due to absence of any notable supports nearby that could have reversed the current trend.
Traders' Sentiment
USD/CHF remains overbought to a substantial extent, since three quarters of all the positions opened on the pair are long and 25% are short. The similar situation is observed with orders—75% are buy orders and 25% are sell orders.
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