© Dukascopy Bank SA
- Deutsche bank AG (based on Bloomberg)
Pair's Outlook
The pair strengthened significantly over the past week, as the price advanced from the 100-day SMA at 0.9347 to a two-month high at 0.9567. The pair carried strong bullish sentiments, which pushed USD/CHF through the Bollinger band at 0.9593 during Friday's session. We should wait to see if these sentiments persist or the pair can be sold, since it is already traded at almost one-year high.
Traders' Sentiment
Bears are keen to increase their exposure to the pair, as it advanced quickly above a two-month high. Today the sell side possesses a 65% share. Waiting orders market is bullish, since 54% of placed orders are ready to buy the Dollar against the Swissie, anticipating further appreciation.
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