© Dukascopy Bank SA
- SK Securities (based on CNBC)
Pair's Outlook
USD/CHF is moving en route to a formidable resistance area at an accelerated pace, effortlessly piercing through the near-term levels. However, violation of the 200-day SMA at 0.9367 will not be as easy, taking into account there is the 55-day SMA as well. In addition, nearby lies another resistance area, formed by the 100-day SMA, monthly PP and weekly R2.
Traders' Sentiment
Three out of four open positions on USD/CHF in the SWFX marketplace are the long ones, meaning that an absolute majority of traders consider the U.S. Dollar as bullish relative to the Swiss Franc, although on average in all USD crosses this percentage is a bit more modest—62%.
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