© Dukascopy Bank SA
"The delay in the U.S. budget talks may boost risk-off trades"
- Nomura Securieties Co (based on Bloomberg)
Pair's Outlook
USD/CHF pair found a support at a 0.9120 level, the 423% Fibo and the lower down-sloping channel line, and firmly appreciates from it today. The price has tested the previous high and broken it by a few pips, but for the further movement the impulse was too weak. Provided that the upside impetus is sustainable, the price might face a 0.9244 area, as there are 20-day SMA and the support level from the previous price's movements.
Traders' Sentiment
The Swiss Franc's popularity in USD/CHF currency pair decreases even more, as 85% of positions are long and 15% are short. Pending orders market also increases bullish sentiments, as 74% are buy orders and 26% are sell orders.
© Dukascopy Bank SA