© Dukascopy Bank
"Three years is an awfully long time for the Fed to be pledging to keep rates near zero"
- Comerica Bank (based on WSJ)
Industry outlook
Support at 0.9080/65 continues to underpin the pair, increasing the chance of USD/CHF commencing recovering. A close above 0.9250/60 will imply additional gains up to 0.9317 (55 day ma). Nonetheless, the near-term outlook is still neutral.
Traders' sentiment
The vast majority of traders (83%) have acquired the Greenback against the Swiss Franc, making traders' sentiment on USD/CHF bullish to a large extent.
Long position opened
Bullish investors should pay attention to the key resistance levels for intraday trading. R1 is situated at 0.9205, followed by R2 and R3 at 0.9252 and 0.9303, respectively.
Short position opened
Bearish traders will pay attention to the key support levels to close their deals. The forecast targets are 0.9107, 0.9056 and 0.9009.
© Dukascopy Bank