© Dukascopy Bank
"If the Greek debt swap goes well and the U.S. job data points to continued recovery, then the market could return to the risk-on mood"
- CNBC
Industry outlook
The US Dollar is expected to continue appreciating relative to the Swiss Franc. The initial target lies at 0.9257 (55 day ma), while subsequent goals are located at 0.9317 and 0.9595. Losses of the pair should be contained by supports at 0.9088 and 0.9075/23.
Traders' sentiment
58% of orders placed on USD/CHF are implying strengthening of the Buck, whereas 42% of traders wait for the currency to lose worth relative to the Franc.
Long position opened
Investors should pay attention to the identified with the help of the standard pivot point method resistance zones, as they might be useful during intraday trading. The initial resistance level is at the level of 0.9217, whereas R2 and R3 are situated at 0.9247 and 0.9299, accordingly.
Short position opened
Bearish market players will pay attention to a near-term support at 0.9135. The downtrend continuation will establish following targets for traders: S2 at 0.9083 and S3 at 0.9053.
© Dukascopy Bank