Swiss Franc expected to Rally Further
The ratio of long to short positions in the USDCHF stands at 2.49 as nearly 71% of traders are long. Long positions are 3.7% lower than yesterday yet 32.3% stronger since last week. Short positions are 4.3% higher than yesterday but 33.9% weaker since last week.
Consistent USDCHF buying suggests that the pair could continue towards fresh lows.
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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