© Dukascopy Bank SA
- National Australia Bank Ltd. (based on Bloomberg)
Pair's Outlook
USD/CHF pair gradually slips lower to retest the strength of the 20-day SMA at 0.9314. As the price entered the bullish side of the Bollinger line, the pair was pushed to retest its bullish sentiments. If the price remains above the 20-day SMA it is very likely to see a further appreciation.
Traders' Sentiment
Bulls increase their share in USD/CHF pair, since 86% of traders already opened buy positions and only 14% have short positions. The pending orders segment does not possess such radical expectations, as 59% orders are buy and 51% are sell.
© Dukascopy Bank SA