© Dukascopy Bank SA
- Bank of Singapore (based on Reuters)
Pair's Outlook
For now resistance at 0.9662 manages to contain USD/CHF, but the bullish momentum seems to be preserved, therefore the rally is likely to be extended. This means there is a high probability of 0.9716/0.9698 and 0.9810/0.9799 being reached in the near future, development of events also suggested by weekly and monthly technical indicators.
Traders' Sentiment
Traders had a change of heart not only towards USD/JPY, but towards USD/CHF as well, revealing how strong was the impact of yesterday's news. Previously dominant bullish sentiments are now shared among a minority—26% of all market participants. The part of buy orders dropped to 62%.
© Dukascopy Bank SA