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"We're back into the medium-term trend, which is for a higher dollar."
- Nordea Bank (based on CNBC)
Pair's Outlook
The U.S. Dollar has launched yet another attack on 0.9099, which has been lately keeping USD/CHF from advancing further. If the attempt is successful, the currency pair will be in a good position to test formidability of the 2014 high at 0.9156 as well. Should the currency pair move even higher, there will be a good reason to consider the 2013 Nov 7 high at 0.9251 the next probable destination, despite the mixed monthly studies.
Traders' Sentiment
While there are no changes in the sentiment towards USD/CHF (73% of positions are long), there was a noticeable increase in the commands to purchase the Buck against the Franc—their share soared from 57% to 77%.
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