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- Charles Schwab (based on CNBC)
Pair's Outlook
It seems like the down-trend resistance line was able to invalidate a scenario of a bullish breakout and commence a formation of a bearish wave that is expected to extend down to 0.8981 in the long term. In the interim USD/CHF will have to breach some of the supports, the nearest of which are located at 0.9267/62 and 0.9208/06, but unlikely to pose a serious threat to the bearish impetus.
Traders' Sentiment
Traders' sentiment towards USD/CHF is the same as yesterday, since today the share of bulls is 71% and the portion of bears is 29%. The pending orders are refusing to provide an insight into the current preferences of the market participants, 48% of whom are willing to buy the U.S. Dollar and 52% are planning to sell it.
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