© Dukascopy bank SA
- Commonwealth Bank of Australia (based on Bloomberg)
Pair's Outlook
USD/CHF surges noticeably, as the price increased from the 200-day SMA at 0.9385 to the monthly R1 level at 0.9488. The pair recovered from the bearish pressure and reached the first quarter analysts' estimations to see the price in 0.93 - 0.96 range. In case the price remains bullish in the future, it is possible to see a 0.9513 level, where the weekly S1 merges with a 5-month high.
Traders' Sentiment
Currency traders change their sentiments on the Swiss Franc to bullish, as the majority of positions on USD/CHF pair, 68%, currently are bearish and only 32% are bullish. Waiting orders segment is neutral, since both sides have equal shares.
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