© Dukascopy Bank SA
- Dudack Research Group (based on Reuters)
Pair's Outlook
Despite the fact that USD/CHF pair broke an up-trend line at 0.9274, it still faces difficulties to slip lower. The price retests the up-trend line from the bottom for the third day that seems to be a consolidation before a high time frame impulse. Thus, it is risky to open a position now, and it would be rational to wait for the first movements and a more defined market direction.
Traders' Sentiment
Bearishness of SWFX market sentiments in USD/CHF pair strengthens, as the buy side reduced to 41% and the sell side expanded till 59%. Pending orders segment is totally opposite, as 60% placed orders are buy and 40% are sell.
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