USD/CHF soared up to 0.9128

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"We think a resolution to the debt ceiling impasse in increasingly likely to be a last minute affair, and market anxiety seems likely to build up as we head into next week."
- BNP Paribas (based on Reuters)

Pair's Outlook

The currency pair has quickly covered the distance between the February and June lows and is now forcing its way through the resistance at 0.9128. Once this obstacle is overcome as well, USD/CHF is likely to aim for the 200-day SMA at 0.9363, even though there are many levels, such as 0.9215/06 and 0.9291, that may slow down the price.

Traders' Sentiment
Apparently, some of the market participants closed their long positions on USD/CHF after benefiting from the sharp surge in the price. Accordingly, there are now less bulls (66%) than yesterday, but they nonetheless notably outweigh the bears (34%). Concerning the orders, there are by far more traders willing to purchase (74%) the Dollar than to sell it (26%).
© Dukascopy Bank SA
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Thu, 10 Oct 2013 15:43:18 GMT

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