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- Narayana Kocherlakota, Federal Reserve Bank of Minneapolis President
Pair's Outlook
Despite the density of the resistance zone USD/CHF is currently facing, the U.S. Dollar is nonetheless strengthening. The spot price is already significantly above the 200-day SMA and is about to climb over a less senior moving average for 100 periods. Still, the bullish potential in the medium term may not be fully realised, unless the pair manages to settle above the mentioned levels in the nearest future.
Traders' Sentiment
Just like the Pound, the Swiss Franc is the least frequently purchased currency in the SWFX marketplace. It was bought in less than a third (30%) of the trades with its major counterparts. This bearish sentiment is specifically pronounced in USD/CHF, where 74% of traders bet on Franc's underperformance relative to the buck.
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