Swiss Franc Expected to Recover

USDCHF – The ratio of long to short positions in the USDCHF stands at 1.66 as nearly 62% of traders are long. Yesterday, the ratio was at 1.42 as 59% of open positions were long. In detail, long positions are 0.5% lower than yesterday and 62.2% stronger since last week. Short positions are 15.3% lower than yesterday and 59.0% stronger since last week. Open interest is 6.7% weaker than yesterday and 4.2% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.