USD/CHF breaches uptrend at 0.9273

USD/CHF breaches uptrend at 0.9273

'The greenback was mixed against higher-yielding currencies after a report showed the U.S. economy grew more than previously estimated in the third quarter and House Speaker John Boehner said no substantive progress was made in budget talks ' - (based on Bloomberg)

Pair's Outlook

USD/CHF pair depreciates for a third consecutive session and is already breaching an uptrend line at 0.9273. In case, the price will broke through it and settle beneath it, than there is very likely to face a depreciation of the price till 0.9206 area, where the weekly and monthly S1 intersect with the lower Bollinger band line.

Traders' Sentiment

Distribution of bulls and bears positions in USD/CHF pair is the most inelastic from all major pairs, as the price gradually depreciates, but the bull side still has 71% of opened orders and the sell side 29%. Placed orders segment is almost balanced, as 52% orders are buy an 48% are sell.