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- Zillow (based on Bloomberg)
Pair's Outlook
Yesterday USD/CHF slipped beneath the 200-day SMA and made a spike to check the 55-day SMA at 0.9363. Sellers were stronger at this level and pushed the price lower along the Bollinger band. A continuation of bearish trend is very possible, as there are no signs of trend reverse and the closest support is at 0.9292, where the 100 -day SMA is positioned.
Traders' Sentiment
Bulls and bears remain the same distribution of opened positions, as a gentle control is positioned on the buy side with 53%. Pending orders market is bearish, as 57% of orders are waiting to sell the pair.
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