USD/CHF preserved bullish momentum

USD/CHF has experienced some difficulties at initial resistance, but nevertheless remains well-placed for further gains, as is pointed out by technical studies. Near-term level is at 0.9838, above which the currency pair will face more serious resistances - 0.9896/0.9906 and 1.0006/42. In the meantime, dips should be contained by supports at 0.9692/90 and 0.9619/52.

Traders' sentiment towards USD/CHF has little changed since the previous report, as bullish traders remain in majority by constituting two thirds of the market, correspondingly, there are twice as less bearish traders. The situation is opposite for buy orders, the share of which is 37%, leaving a bigger part (63%) to sell orders.