USD/CHF rebounds from 0.9337

For more than a month the 200-day SMA has been the only support capable of underpinning the currency pair, while the rest were breached. Accordingly, USD/CHF is now rising from 0.9337, the current location of the long-term simple moving average. The interim resistance is at 0.9360, whereas further on USD/CHF will have to overcome 0.9392/79 and 0.9472 in order for the price to return back above the up-trend line.

Traders' sentiment with respect to USD/CHF has turned neutral, as the gap between the shares of long and short positions has narrowed down to 6% and is therefore negligible for the time being. The difference between the buy and sell orders is larger and amounts to 10%.