© Dukascopy Bank SA
"There's still significant differences between the two sides but negotiations continue. The Senate will reconvene today at 11 a.m. Washington time and perhaps have further announcements then. I certainly hope so"
- Hary Reid, a Nevada Democrat (Based on Bloomberg)
Pair's Outlook
USD/CHF pair remains for the third week in a very narrow channel with a lower boundary at 0.9120 and the upper one at 0.9161. Such a long fluctuation period returned technical indicators back into a neutral zone. The only indicators still implying bearish outlook on this pair are the 20-day SMA at 0.9199 and 55-day SMA at 0.9301, which are notably higher than the current price. First attempts to brake the 20-day SMA will be a sign for possible buy orders.
Traders' Sentiment
Traders of USD/CHF remain fully concentrated over buy positions, since 85% of positions are long and only 15% are short. Pending orders segment shows slightly easier pressure from bulls, since 78% of orders are buy and 22% are sell.
© Dukascopy Bank SA