© Dukascopy Bank SA
- Westpac banking Corp. (based on Bloomberg)
Pair's Outlook
Last week USD/CHF pair ended by breaching the 55-day SMA and the monthly PP level at 0.9345. Today the price consolidates by slightly slipping lower to retest the 55-day SMA or even the 20-day SMA at 0.9320. Therefore it would be rational to wait where the price will find a support and settle.
Traders' Sentiment
The disproportion between bulls and bears slightly reduced, since the buy side controls 84% and the sell side 16%. The pending orders market is more balanced, as 62% of placed orders are buy and 38% are sell.
© Dukascopy Bank SA