© Dukascopy Bank SA
- BK Asset Management (based on MarketWatch)
Pair's Outlook
USD/CHF keeps on moving away from the 200 day SMA and gaining bearish momentum and that in turn implies pair's intention to penetrate some of the nearest support lines—0.9317 and 0.9253, even though technical indicators in aggregate give mixed signals. Meanwhile, rallies in the short term are to be curbed by resistances at 0.9385/0.9401 and 0.9447.
Traders' Sentiment
Participants of SWFX marketplace seem to consider a possibility of a rally as a more likely than development of a downtrend, being that 70% of positions are long and 30% are short. Additionally, 72% of orders are to buy the greenback and 28% are to sell it against the Swiss Franc.
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