© Dukascopy Bank SA
"The Commerce Department will probably say today that U.S. retail sales increased 0.5 percent in February from a month earlier when it rose 0.1 percent."
- Bloomberg News survey of economists
Pair's Outlook
USD/CHF pair depreciates for a third straight trading session, as yesterday the price attempted to make a counterattack and breach the monthly R1 level at 0.9488, but it was totally unsuccessful. Since the price is traded in a free area, the price's depreciation might last till the weekly S1 level at 0.9427 or even to 0.9275, where the 20-day SMA is quickly catching up with recent bullish movement.
Traders' Sentiment
SWFX market participants remain calm and possess the same positions as they did yesterday. There are 36% of long and 64% of short positions. Pending orders market is almost balanced, as 52% of orders are buy and the rest, 48%, are sell.
© Dukascopy Bank SA