© Dukascopy Bank SA
"The employment picture [in the US] looks good but is likely not great enough to change the Fed's course."
- CitiFX (based on CNBC)
Pair's Outlook
Although USD/CHF succeeded at surpassing the previous maximum at 0.97, the pair remains unable to overcome the resistance represented by the trend-line that connects Aug 18 low and Nov 7 high. Accordingly, there is a high chance of a sell-off down to 0.9560, where the US Dollar will be underpinned by the weekly S1 and monthly PP. Additional downward pressure could result in the price falling to 0.95, namely the 55-day SMA.
Traders' Sentiment
There are slightly more people (57%) planning to profit from appreciation of the Greenback than from its debasement (43%) against the Franc. Even more (82%) are willing to purchase the Dollar 50 pips from the spot.
© Dukascopy Bank SA