USD/CHF is at risk of falling lower

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The expectation that the Fed will keep monetary policy highly accommodative for a long time is the main reason why Treasury yields remain low by historical standards."
- Capital Economics (based on MarketWatch)

Pair's Outlook

USD/CHF did not carry on descending after a breach of the 200-day SMA, making a bounce back above 0.8939 a likely event. If this is the case, the currency pair may soon resume its journey towards a peak at 0.9156. Conversely, if the buying pressure subsides, the support at 0.8881/55, formed by 55 and 100-day SMAs in conjunction with the monthly PP, will have a good possibility to stop further depreciation of the U.S. Dollar.

Traders' Sentiment

Even though for the past week the portion of the bullish traders diminished by four percentage points, the market participants are largely convinced the greenback is going to outperform the Franc, specifically 71% of them.
© Dukascopy Bank SA

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