© Dukascopy Bank
"In the U.S., it's all about jobs. Jobs growth has continued and will ultimately lead to further consumption and that's a virtuous cycle"
- Principal Global Investors (based in Bloomberg)
Industry outlook
For the time being levels at 0.8931 and 0.9066 should provide sufficient support for USD/CHF, which in turn should commence rallying. On the way towards 0.9595 the pair will encounter resistances at 0.9241, 0.9317 and 0.9407.
Traders' sentiment
Traders' sentiment is neutral on USD/CHF currency pair, since the shares of buy and sell orders are nearly equal, being 52 and 48 per cent of the total amount, respectively.
Long position opened
FX market participants have put their take profit orders at the key resistance points of intraday trading. Some of the investors might close their deals at 0.9201 and 0.9237. The weakest level is at 0.9257.
Short position opened
Major dealers are planning to partially close their short positions if the pair touches upon the first support level at 0.9145. However, if the bearish impetus proves to be strong enough, some of the positions could be squared off at S2 of 0.9125 and at S3 of 0.9089.
© Dukascopy Bank