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- TD Securities (based on MarketWatch)
Pair's Outlook
The currency pair has indeed reached the 55-day SMA we mentioned yesterday, but at the same time faced strong resistance at this level, being sent back towards the moving average for 20 days. Still, the bullish bias is here to stay, at least until 100 and 200-day SMAs in conjunction with the local low of 0.9266/57 are able to keep the price afloat.
Traders' Sentiment
The Swiss Franc has experienced a sudden change in its popularity, now being bought in 43% of cases instead of only 25% previously. In its pair with the buck the Swissie is preferred even more frequently, in 56% of trades. The situation is different when looking at the orders, 61% of which are to buy the Dollar.
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