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- Union Bank NA (based on Bloomberg)
Pair's Outlook
Even though in the short run there are few doubts about the surge, since most of the daily studies are bullish and the price has gained a strong foothold above the 200-day SMA, the medium- and long-term prospects are much less clear. The currency pair is getting nearer to the Nov 13 high at 0.9512, which might turn out to be impenetrable at the moment, given behaviour of the pair around it the last time.
Traders' Sentiment
Despite the fact that the Swiss Franc is one of the least popular currencies in the SWFX market, on average in its crosses being bought in 45% of cases, a majority of traders anticipate Franc's appreciation against the U.S. Dollar. As for the orders, 58% are to go long and the remaining 42% to go short.
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