USD/CHF depreciates to weekly PP

As the global markets faced a shift of investments to the U.S. Dollar, its pair with the Swiss Franc sharply advanced, even breaching the Bollinger band. But at the beginning of this week, investors stopped for a pause, possibly taking out some of their profits of recent trade, thus the price depreciates towards the weekly pivot point at 0.9516. The next serious support level is the monthly R1 at 0.9478.

Bears remain in the leading position, as the share of short positions slightly increased to 68%, but pending orders market delivers much stronger numbers, as the buy orders' portion reached 72%, indicating huge sentiments to see further appreciation after the current dip.