© Dukascopy Bank
"The market wants to buy dollars. Data is pointing to lower commodity prices and you've got resurgent, strong numbers coming out of the United States"
- Nomura Holdings Inc. (based on Bloomberg)
Industry outlook
Being that a tough support at 0.9066 was not breached, the pair is well-placed for gains up to 0.9206/11, penetration of which will pave a way towards 0.9317. Further levels may be found at 0.9342 and 0.9595.
Traders' sentiment
There has been literally no change in the traders' sentiment towards USD/CHF. 69% of traders remain long on the pair and 31% still stay short on it.
Long position opened
Investors should pay close attention to the identified resistance levels for the pair at 0.9154, 0.9186 and 0.9225.
Short position opened
Key support for USD/CHF intraday trading is situated at 0.9083. In case S1 is penetrated, traders with short positions are likely put their T/P orders at 0.9044 and 0.9012.
© Dukascopy Bank