© Dukascopy Bank SA
- Federal Reserve Bank (based on Bloomberg)
Pair's Outlook
As USD/CHF pair made a new high at 0.9512 in the yesterday's morning, it quickly changed its direction and moved down and even closed with a negative performance. Today, the price continues its correction and have already reached the 200-day SMA and the weekly PP at 0.9458. In case this level is breached, the price will have a wide area for further deprecation, since a 0.9459-0.9355 range does not contain any support levels.
Traders' Sentiment
Market participants' sentiments stay constantly bullish, since the buy side has 74% of opened orders and only 26% are sell orders. Pending segment is less segmented, as 66% orders are placed for buy and 34% for sell.
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