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Pair's Outlook
After being flat during this week, USD/CHF accumulated a bullish impetus and yesterday sharply rallied towards the 55-day SMA. Currently the pair is eroding the monthly PP level at 0.9185, but the gap till the intersection point of the 55-day and 20-day SMA at 0.9213 area is too small not to be overcome. Despite the fact that the pair has experienced a bullish momentum, it still remains in a bullish trend, until the 55 and 100-day SMAs are not breached.
Traders' Sentiment
The U.S. Dollar took lead in this currency pair, as the almost absolute majority has a long position, 89%, and only 11% of traders have a short position. Waiting orders market is gently bearish with 45% bullish and 55% bearish orders.
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