© Dukascopy Bank SA
- Barclays Wealth in London (based on Bloomberg)
Industry outlook
After the bullish advancement toward 0.9181 line (higher Bollinger band), USD/CHF failed to fix above this level and slipped lower. If the pair shows further weakness, it could hold at the 0.9066 pivot level, where it could gain support from the bullish traders.
Traders' sentiment
68.71% of orders placed on USD/CHF are implying strengthening of the Buck, whereas 31.29% of traders wait for the currency to lose worth relative to the Franc.
Long position opened
Investors should pay attention to the identified with the help of the standard pivot point method resistance zones, as they might be useful during intraday trading. The initial resistance level is at the level of 0.9167, whereas R2 and R3 are situated at 0.9199 and 0.9226, accordingly.
Short position opened
Bearish market players will pay attention to a near-term support at 0.9108. The downtrend continuation will establish following targets for traders: S2 at 0.9081 and S3 at 0.9049.
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