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- RBC Capital Markets (based on MarketWatch)
Pair's Outlook
USD/CHF stopped at 0.9787, but should be able to recommence advancement and soon attain 0.9842 while moving en route to 0.9994/1.0003 in a longer time perspective. Even though indicators do not give a distinct "buy" signal, the currency pair is deemed to be bullish, since it is underpinned by support at 0.9750/38, which is formed by an impenetrable until now uptrend support.
Traders' Sentiment
The Swiss Franc is the least popular currency at the moment, being bought only in 25% of transactions. Accordingly, stance of traders towards USD/CHF is extensively bullish, being that long positions constitute 74% of the market. As for the orders, only 39% support further advancement of the pair, while 61% of them are sell orders and will hamper appreciation of the USD.
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