Swiss Franc Rallies to Continue
USDCHF – Crowds have remained net-long the US Dollar against the Swiss Franc since the pair traded near the 1.10 mark, giving consistent contrarian signal to stay short the fast-falling pair.The ratio of long to short positions in the USDCHF stands at 3.23 as nearly 76% of traders are long. Yesterday, the ratio was at 3.35 as 77% of open positions were long. In detail, long positions are 3.2% higher than yesterday and 13.0% weaker since last week. Short positions are 7.0% higher than yesterday and 15.9% stronger since last week. Open interest is 4.1% stronger than yesterday and 15.3% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.
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