fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: USD/CHF stays motionless  Tue Feb 19, 2013 10:44 am | |
| USD/CHF stays motionless 'There is no currency wars, we are furthest away today from a currency war than we were two or three years ago.' - Angel Gurria, secretary general at OECD (based on CNBC) Pair's Outlook As in the other major currency pairs, there is no action in USD/CHF as well. The price is currently contained between a wide but dense resistance area that stretches from 0.9304 down to 0.9264 and a support area from 0.9208 to 0.9166. Accordingly, the near-term rallies are expected to be shallow, while longer term prospects are largely negative, bearing in mind that the pair has been fluctuating within a downward sloping channel for the last five months. Traders' Sentiment The level of Swiss Franc's attractiveness is still the lowest among its peers in the SWFX marketplace, since only 26% of all of the positions on it are long. In USD/CHF specifically the portion of bulls is 28%. Nonetheless, the amounts of buy and sell orders are equal.  | |
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