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"We've got soft stocks and soft data, and the dollar has taken a hit."
- Westpac Banking Corp. (based on The Wall Street Journal)
Pair's Outlook
In the past four days pair has tested 0.94 level three times already. It is becoming more and more likely that pair will start appreciating soon and 0.94 might be the area which will give the pair bullish impetus. Such turn of events is expected by major market participants and suggested by aggregate reading of medium term technical indicators.
Traders' Sentiment
Market participants are continuing to become more bullish. At the moment 67% of traders have already bought the franc against the greenback. 53% of pending orders are set to do the same.
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