© Dukascopy
"[US] Retail sales is more than enough to keep the economy going. They continue to push back the recession fears that began this summer"
- TD Securities (based on CNBC)
Industry outlook
USD/CHF is one of few pairs to have bullish impetus, as it has managed to climb over 0.9157 and is now headed toward 0.9317 and 0.9341/99. From below the pair is well-supported by an uptrend at 0.8962.
Traders' sentiment
USD/CHF currency couple is still bullish, as the bigger part of market participants is in favour of opening long positions, while only 30.22% have decided to stay short on the pair.
Long position opened
Bullish investors should pay attention to the key resistance levels for intraday trading. R1 is situated at 0.9249, followed by R2 and R3 at 0.9284 and 0.9374 respectively.
Short position opened
Key support for USD/CHF intraday trading is situated at 0.9159. In case S1 is penetrated, traders with short positions are likely put their T/P orders at 0.9104 and 0.9014.
© Dukascopy