© Dukascopy Bank SA
- Australia & New Zealand Banking Group Ltd. (based on Bloomberg)
Pair's Outlook
Yesterday USD/CHF pair closed next to the weekly R1 level at 0.9461 and this level has stopped the price increase, at least for a current moment. Presently, the price has slightly pulled back and is just on the 200-day SMA level at 0.9448. As the price tries to settle above this moving average line, the RSI indicator on a H4 graph shows a divergence between the price's peak point and the RSI value, which is 61 and close to an overpriced area.
Traders' Sentiment
Bulls reinforced their positions on USD/CHF currency pair, as the amount of long positions increased by 2% to 73% since yesterday. The situation with pending orders spots strong expectations on further increase, since 75% ordered to buy and only 25% to sell the U.S. Dollar.
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