© Dukascopy Bank SA
- Royal Bank of Scotland Group (based on Bloomberg)
Pair's Outlook
Yesterday USD/CHF touched upon an important resistance area at 0.9177/60, but subsequently quickly retreated from the 200-day SMA back to the monthly R1, indicating that this supply zone is rather strong. Still, if the support at 0.9091/73 continues to underpin the currency pair, the U.S. Dollar may soon once again attempt to extend the recovery.
Traders' Sentiment
The distribution between the bullish and bearish SWFX traders stays more or less the same—while the former take up 73% of the market, the latter are in a distinct minority with only 27% of it. As for the orders, the buy ones (60%) are currently dislodging the sell ones (40%).
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