© Dukascopy Bank SA
- Commonwealth Bank of Australia (based on CNBC)
Pair's Outlook
After touching the weekly S1 at 0.8937 USD/CHF is attempting to restore its bullish momentum and negate the recent losses. However, there is a number of significant resistances overhead that are unlikely to let the currency pair to move freely. Moreover, looking at the technical indicators, there are substantially more ‘sell' signals than there are ‘buy' ones.
Traders' Sentiment
A substantial majority of the SWFX market participants ignore poor performance of the U.S. Dollar over the past year, specifically 73% of them, and expect the currency to strengthen relative to the Swiss Franc. In the meantime, the distribution between the buy and sell orders is 69% to 31% respectively.
© Dukascopy Bank SA