USD/CHF resists for a bearish drop

Last two trading sessions of the previous week were strongly bearish, as the price dropped from a four-month high at 0.9513 to the 20-day SMA at 0.9421, falling below it for a brief moment. However, today the pair is traded slightly lower than the weekly PP at 0.9466, but remains above the 20-day SMA. In case the price loses its bullish power, the next support will be found at 0.9368, where the 200-day SMA merges with the weekly S1.

Traders with bullish sentiments noticeably increased their market share, which grew 15% and reached 47%, almost establishing an equilibrium. Pending orders segment is very similar to the spot market, as the buy side constitutes 49% of the total number of orders.