© Dukascopy
- Knight Capital (based on Reuters)
Pair's Outlook
USD/CHF starts this week staying in a narrow channel bounded with 0.9280 and 0.9260 lines. Although, most of indicators still show a sell signal, but it seems that price has found a more serious support zone. Therefore, the price starts to consolidate, in order to prepare for a correctional upside impulse. However, it is very hard to say, when the real upside impetus will start, as recently this currency pair moves lazily and even high time frame indicators keep around a neutral area.
Traders' Sentiment
USD/CHF pair is overbought by a considerable extend, as 75% traders keep a long position and only 25% believe in the further depreciation. Pending orders segment data is more balanced as 58% orders are for a buy position and 42% are for a short.
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