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- Kansas City Fed President (based on Bloomberg)
Pair's Outlook
USD/CHF pair has demonstrated a strong bullish impetus recently, as the price has overcome the 55-day and 100-day SMAs in one day. As the core indicators remained beneath the spot price, the pair is in a bullish trend, moving towards a 0.94/0.95 consensus. Currently the price is just above the weekly R2 level at 0.9354, but above it there is a free area to move higher. Only at 0.9460, the 200-day SMA is located.
Traders' Sentiment
The Swiss Franc is heavily short currency, since the majority of traders bet for the U.S. Dollar appreciation—88% of positions are long and only 12% are short. Pending orders situation is neutral, as 52% of orders are for a long position and 48% are for a short one.
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