USD/CHF retreats to 0.95

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"There's some uncertainty about what the Federal Reserve will do after the end of quantitative easing. I don't think it's the right time to aggressively buy the dollar."
- Toshiya Yamauchi, Ueda Harlow (based on Bloomberg)

Pair's Outlook

Since USD/CHF has recently hit the up-trend resistance line at 0.9550, there is a high chance of continuation of the sell-off we saw the last two trading days. However, this dip should be limited by a cluster of supports between 0.9450 and 0.94, where the 23.6% Fibo, monthly PP, 55-day SMA and weekly S1 merge. Once this demand area is reached, the Greenback will be in a good position to aim for the peak at 0.97.

Traders' Sentiment

The distribution between the bulls and the bears is unchanged—58% of market participants are long and 42% are short. As for the pending orders, 59% are placed to buy and 41% to sell the US Dollar against the Swiss Franc.
© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.