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- CNBC
Industry outlook
In case a key support at 0.9450 continues to repel USD/CHF, the currency couple will be perceived as bullish in the long run. While being en route toward 0.9775/84 the pair will encounter resistances at 0.9572 and 0.9595.
Traders' sentiment
Since the Swiss Franc is the least popular currency in the market, USD/CHF is overbought by traders. 70.76% of them have acquired the American Dollar against the Swissie, while 29.24% of them play against the majority.
Long position opened
The break of the short-term resistance line 0.9513 would pave the way for the pair to rise up to 0.9535. The clearance of the second daily resistance level would establish a new target for traders at 0.9559.
Short position opened
Bearish traders will pay attention to the key support levels in order to close their deals. The primary forecast target is 0.9467. If the pair erodes this level, then it might rebound from S2 of 0.9443 or S3 of 0.9421.
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