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- Mizuho Securities Co. (based on The Financial Times)
Pair's Outlook
After a bearish drop to the 20-day SMA last week, the price found strong bullish sentiments and started to regain lost positions. Currently the price is traded around the weekly PP level at 0.9466 and the closest resistance is at 0.9488, the monthly R1. Since USD/CHF remains in the upper part of Bollinger bands and passed a test of bullish trend's strength, bouncing from the 20-day SMA, the price should demonstrate an upside movement further.
Traders' Sentiment
SWFX market participants take a breath and wait for following actions, as 46% of orders are long and 54% are short. Pending orders market is bullish, being that 54% of orders are waiting to sell the Swiss Franc.
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