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"We expect the dollar to get stronger in the next months, and also the Swiss franc, as weakening economies drive investors towards safe haven currencies."
- Sarasin (based on The Economic Times)
Pair's Outlook
After dipping till 0.91 pair has hovered back above 0.92 and at the moment is testing strong resistance around 0.925. In case pair fails to advance above it in a timely fashion we are likely to see another dip till 0.91. However, if pair manages to breach monthly S1/weekly PP another major obstacle will be at 200-day SMA at 0.935.
Traders' Sentiment
Although Swiss franc is one of the least bought major currencies across the board share of long positions against the greenback is at 71%. In addition to this, majority (55%) of pending orders are in favour for the bulls as well.
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