USD/CHF confirms resistance at 0.9176

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The heightened probability that the Fed will stay the course for the rest of the year with the current pace of monthly bond purchases as part of its QE (quantitative easing) program is likely to keep the U.S. dollar on the back foot."
- BNY Mellon (based on Reuters)

Pair's Outlook

The nearby resistances, such as the monthly PP and weekly R1, withstood an initial test and forced USD/CHF to pull back for now. Nevertheless, overall the buck is still considered to be bullish with the long-term targets at 0.96 and even higher. At the moment the pair is supported by 0.9128, but we cannot rule out a possibility of a current dip extending down to 0.9021.

Traders' Sentiment
Similarly to what happened in USD/JPY, more SWFX marketplace participants decided bet on the appreciation of the U.S. Dollar relative to the Franc. Accordingly, the percentage of long positions on USD/CHF grew from 70% to 72%, leaving the bears in an even more distinct minority than before.
© Dukascopy Bank SA
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Actual Topics

Thu, 17 Oct 2013 15:04:28 GMT

EUR/JPY hovering below 134 JPY

Pair seems to be consolidating after a sell off a few days ago and consecutive bounce from the 20-day SMA/weekly and monthly PP.

Thu, 17 Oct 2013 06:31:34 GMT

USD/JPY approaches 200-day SMA

Yesterday USD/JPY successfully closed above the resistance at 98.82/69, but at the moment it is retreating from a round level—99.00.

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