Swiss Franc Outlook Less Bearish
USDCHF - The ratio of long to short positions in the USDCHF stands at 1.48 as nearly 60% of traders are long. Yesterday, the ratio was at 1.49 as 60% of open positions were long. In detail, long positions are 0.4% lower than yesterday and 3.8% weaker since last week. Short positions are 0.5% higher than yesterday and 0.4% weaker since last week. Open interest is 0.0% weaker than yesterday and 1.7% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.
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--- Written by Christopher Vecchio, Currency Analyst for DailyFX.com
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