Swiss Franc Expected to Appreciate Further
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 3.65 as nearly 78% of traders are long. Long interest moderated by 4.8 percent overnight yet is 12.1% stronger since last week. Short interest is a modest 3.5% higher than yesterday yet a noteworthy 23.7% weaker since last week. The SSI is a contrarian indicator and continues to call for further USDCHF losses.
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