USD/CHF rose overall during the session on Monday as the 0.91 level continues to act as support in this pair. The 0.90 level below is the bottom of this area, and we feel that the pair will continue to struggle to fall below it going forward. The Franc is being worked against in several markets currently, and the Swiss are certainly paying attention to certain levels. The EUR/CHF is where the real battle is at the moment, but if the Swiss National Bank intervenes, this pair will rise as well. The USD should continue to get a bid as the headlines out there will have risks just waiting to happen. We are only buying this pair currently, and will continue to do so as long as we are above the 0.90 level.
USD/CHF Forecast February 14, 2012, Technical Analysis
USD/CHF Pivot Points (Time Frame: 1 Day)
Name S3 S2 S1 Pivot R1 R2 R3