USD/CHF breaches a down-side resistance

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Based on financial data from Treasury, we estimate that the government will be unable to pay all of its bills as early as Feb. 15. We have less time to solve this problem than many realize."
- Steve Bell, Bipartisan Policy Center (based on Bloomberg)


Pair's Outlook
USD/CHF pair has breached a down-side resistance yesterday and continues to move towards a 0.9276 level, where the Bollinger band and the 55-day SMA are located. Last month, the pair made two checks of the 55-day SMA and both were unsuccessful, but this time a break between the last test was very short and most probably due to an increased bullish power in the pair's sentiments. Settlement above the 55-day SMA would be a signal for a buy position, supported by a Bollinger band's location.

Traders' Sentiment
The Swiss Franc loses even more of its share in SWFX market, since 84% of positions are long, supporting the U.S. Dollar, and only 16% are short. Pending orders segment is slightly bullish, as 53% are buy and 47% are sell.

© Dukascopy Bank SA

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