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- BlackRock (based on CNBC)
Pair's Outlook
The U.S. Dollar regains its previous positions in the market, and USD/CHF is no exception. Right now the currency pair is attempting to breach 0.8999/89 and thus open a way towards 0.9042/31, where the supply is implied by the 20 and 100-day SMAs. The next objective is going to be the monthly R1 at 0.9091, being that the bullish impetus should be intact until we reach the 200-day SMA.
Traders' Sentiment
The traders are becoming less enthusiastic with respect to the buck's ability to appreciate and are staring to square off their positions—the share of longs fell from 72% to 70%. This is supported by the fact that the percentage of sell orders soared from 51% up to 71%.
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