© Dukascopy
- Commerzbank (based on Reuters)
Pair's Outlook
USD/CHF pair loses its moving momentum and today the price has bounced down from a 93.61 level, also touching the 55-day SMA at 93.75. As the price eases its appreciation pace, we might expect some correction till near support levels around 0.9330, the 20-day SMA and weekly PP. After this the price might surge and check 0.94 level properly.
Traders' Sentiment
An absolute majority of SWFX market traders maintain bullish sentiment towards this pair, as 72% have a long position and 28% a sell position. In a pending orders segment traders are placed 65% orders for a buy and 35% for a sell.
© Dukascopy