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"Data in the U.S. this week continues to support the view that the U.S. continues to grow at higher rates compared to other areas of the world. The overall theme of a stronger U.S. dollar, that has not really changed."
- Mizuho Bank (based on Bloomberg)
Pair's Outlook
The US Dollar came under the selling pressure ahead of the resistance at 0.9571, which is likely to act as a temporary ceiling. But USD/CHF should preserve the upward tendency, as eventually the pair is expected to pay 0.97 a visit and then update this year's peak. But it is worth noticing that the monthly indicators are mostly bearish, suggesting it may take some time before the rate overcomes the resistances.
Traders' Sentiment
The traders' sentiment towards USD/CHF is moderately bullish, being that 58% of open positions are long. As for the orders, most of them placed 100 pips from the spot are to purchase the Dollar against the Franc.
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