USDCHF – The majority of traders remain long the US Dollar against the Swiss Franc, giving us contrarian bias to go short the currency pair. The ratio of long to short positions in the USDCHF stands at 2.00 as nearly 67% of traders are long. Yesterday, the ratio was at 1.82 as 64% of open positions were long. In detail, long positions are 11.4% higher than yesterday and 14.4% weaker since last week. Short positions are 1.0% higher than yesterday and 3.1% stronger since last week. Open interest is 7.7% stronger than yesterday and 3.5% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.
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