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"Median dealer forecast first Fed hike in Q3 2014"
- survey by the Federal Reserve Bank of New York (based on WSJ)
Pair's Outlook
USD/CHF has just encountered a confluence of resistances at 0.9487/0.9507. This might lead to a short term bearish correction, which is unlikely to extend below 0.9405, being reinforced by 0.9359. In any case, the pair preserves its bullish outlook, since most of daily indicators point to the upside, meaning gradual erosion of a resistance at 0.9487/0.9507.
Traders' Sentiment
In general the Swiss Franc is the least popular currency among its peers, resulting in 68% of positions being long on USD/CHF, whereas only 32% of market participant consider the Franc capable of gaining in value relative to the Greenback. Within 100 pips from the current price equal amounts of traders have placed buy and sell orders.
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