Technical Analysis USD/CHF to preserve momentum
Pair’s Outlook
USD/CHF seems to be already taking a break in view of the coming weekend, as it is making no progress after setting foot above the resistance at 0.90. This fact should result in the currency pair rising up to this year’s peak at 0.9156 and potentially even higher. And while the weekly technical indicators say it is possible, the monthly studies warn that this might not be the case. Still, given the Buck’s performance lately, the outlook is bullish.
Traders’ Sentiment
Already substantial difference between the amounts of bullish and bearish market participants has grown even larger since the previous report, as the percentage of the former increased from 71% to 74%.
Source: Dukascopy
