USD/CHF heads towards 0.865
Pair’s Outlook
The bearish tendency of USD/CHF does not seem to be anyhow affected by the supports it violated during the past three days. Consequently, the pair is likely to continue developing the bearish wave within the 12-month falling wedge. Therefore there are good reasons to believe that the U.S. Dollar will not make prolonged stops until it hits the lower boundary of the pattern, presumably somewhere near 0.8650.
Traders’ Sentiment
Three out of four traders reckon that the buck is going to increase in value relative to the Franc. This is a five percentage point growth from yesterday’s figure. The portion of buy orders is expanding at a faster rate—from 53% to 70% within the last 24 hours.
Source: DukascopyBankSA
