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- BNP Paribas (based on CNBC)
Pair's Outlook
USD/CHF remains side-lined between the June and February lows, refusing to follow the trajectory implied by the daily and weekly indicators. However, the downside risks persist, as demonstrated by the price's action on Oct 3 and 4, but at the same time are limited by the support 0.8930, which should ensure that the long-run outlook of the currency couple stays bullish.
Traders' Sentiment
The sentiment of the market with respect to USD/CHF is in many ways similar to the one on USD/JPY, but is somewhat less pronounced. The current share of long positions amounts to 70%, while the portion of buy orders is 66%.
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