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- Crédit Agricole (based on MarketWatch)
Pair's Outlook
Yesterday USD/CHF has finally overcome the resistance at 0.9128/07 and is already testing another one at 0.9204/0.9192. The latter area is formed by the weekly/monthly R1 levels and the 100-day SMA, making it also difficult to breach. Nevertheless, the outlook on the currency pair is considered to be bullish, even though weekly and monthly technical indicators are currently showing mixed signals.
Traders' Sentiment
The distribution between the bullish and bearish traders is the same as 24 ago. At the moment 74% of them are holding long positions and the remaining 27% reckon that USD/CHF will move lower from here. Meanwhile, among the orders 58% are to acquire the Dollar.
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