© Dukascopy Bank
"The most likely prospect is that job growth [in the USA] returns to a modest pace of gains and consumers trim their overly optimistic expectations, with not much change in overall confidence until after the November"
- CNBC
Pair's Outlook
The currency couple has preserved its bullish momentum and thus should remain on a course towards a long term target at 0.9487/0.9513. Resistances located at 0.9359, 0.9405 and 0.9463 will attempt to hamper the rally, however, are anticipated to fail to do so. In the meantime, dips are expected to be contained by supports situated at 0.9277, 0.9231/13 and a key zone at 0.9163/02.
Traders' Sentiment
Nearly two thirds of the market remain bullish on USD/CHF, foreseeing appreciation of the US Dollar relative to the Swiss Franc in near future. The similar picture is observed with the ratio of buy and sell orders found within 100 pips from the current price, which is 75% to 25%, accordingly.
© Dukascopy Bank