USD/CHF stays motionless

As in the other major currency pairs, there is no action in USD/CHF as well. The price is currently contained between a wide but dense resistance area that stretches from 0.9304 down to 0.9264 and a support area from 0.9208 to 0.9166. Accordingly, the near-term rallies are expected to be shallow, while longer term prospects are largely negative, bearing in mind that the pair has been fluctuating within a downward sloping channel for the last five months.

The level of Swiss Franc's attractiveness is still the lowest among its peers in the SWFX marketplace, since only 26% of all of the positions on it are long. In USD/CHF specifically the portion of bulls is 28%. Nonetheless, the amounts of buy and sell orders are equal.