© Dukascopy Bank SA
- Royal Bank of Canada (based on CNBC)
Pair's Outlook
USD/CHF pair is locked into a channel just above the monthly R1 level at 0.9295.
The price consolidates after breaching the upper boundary of a down-sloping resistance line at 93.00. In case the surge is sustainable and the price carries on advancing, the next support should be met at 0.9364, where the Bollinger band intersects the weekly R1.
Traders' Sentiment
Bullish sentiments remain the leading in the market, as 58% of all positions are long and 42% are short. Pending orders are even more bullish, as 67% wait for a long position and 33% for a short.
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