Swiss Franc Bides Time as Crowds Flat
According to our FXCM Execution Desk sample, there are a roughly equal number of retail traders long the USDCHF as those short. We’ll need to wait for a swing in sentiment before taking a stance on the Swiss Franc, and low FX market volatility suggests that the USDCHF may continue trading in a tight range.
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.