© Dukascopy
- Commonwealth Foreign Exchange (based on Reuters)
Pair's Outlook
USD/CHF pair found a strong enough support level at 0.9228 to form a channel with an upper line at 0.9241. Currently the price is around the upper channel line, where the monthly S1 lies and is trying to brake through it. RSI value is very close to a 30 mark, but is still not reached, thus it is very possible to see USD/JPY testing the lower channel line soon.
Traders' Sentiment
Situation in USD/CHF traders' sentiments do not change as price fluctuates and keeps bullish sentiments. 74.4% traders have a long position and only 25.6% have a short trading position. Pending orders segment is almost neutral as 52.8% investors are placed a long position and 47.2% a short position order.
© Dukascopy