© Dukascopy Bank SA
- Stifel Nicolaus & Co (based on Bloomberg)
Pair's Outlook
USD/CHF slipped beneath the 20-day SMA at 0.9467 yesterday, indicating about short-time bearish sentiments. The price has a free area to drop, since the closest support is at 0.9440/0.9379, which is constructed by the monthly and weekly S1 and the Bollinger band. However, appreciation perspectives are vague, since the price is bounded by the weekly and month monthly pivot points at 0.9474.
Traders' Sentiment
The U.S. Dollar is losing its popularity, as bears increased their positions by 5% and reached 47% in total. Pending orders segment is rather similar to the spot market, as 56% of orders are long and 44% are short.
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