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- RBS Group Plc. (based on Bloomberg)
Pair's Outlook
On Mar 25 traders were willing to buy the U.S. Dollar and USD/CHF pair was not an exception, as the price surged sharply to the monthly R1 level at 0.9488. Also, the current area is bounded by the major upside sloping resistance, which now exactly intercepts the R1. However, if the U.S. Dollar index is going to surpass new highs, the pair should test a 0.9540 area, where the Bollinger band merges with the weekly R2.
Traders' Sentiment
Distribution of long and sell positions remains the same as yesterday. Bulls have control over a 47% market share and bears over a 53% piece. Waiting orders segment is distributed exactly the same as the spot market.
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