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"Risk-on sentiment is definitely on the table at the moment weighing on haven currencies such as the dollar"
- IG Markets (based on Bloomberg)
Industry outlook
The price is presently increasing, however, in order to ascertain its bullishness, USD/CHF will have to climb above 0.9066/88. Another resistances may be encountered at 0.9175 or at 0.9203. Supports are at 0.8931 and 0.8788/73.
Traders' sentiment
There were no significant changes observed in traders' sentiment on USD/CHF. Bulls continue to dominate the market with 84%, while bears are 16% of it.
Long position opened
Largest brokers set a new long position target as a break of 0.8981 is an encouraging bullish sign en route to 0.9022. If the uptrend remains, the third target for intraday trading will be 0.9042.
Short position opened
Bearish traders will pay attention to the key support levels to close their deals. The forecast targets are 0.8920, 0.8900 and 0.8860.
© Dukascopy Bank