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

USD/CHF Forecast February 14, 2012, Technical Analysis

USD/CHF Pivot Points (Time Frame: 1 Day)

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
0.9029
0.9066
0.9126
0.9163
0.9223
0.9260
0.9320

 Fibonacci
0.9066
0.9103
0.9126
0.9163
0.9200
0.9223
0.9260

 Camarilla
0.9160
0.9169
0.9178
0.9163
0.9196
0.9205
0.9214

 Woodie's
-
0.9072
0.9138
0.9169
0.9236
0.9266
-

 DeMark's
-
-
0.9242
0.9172
0.9144
-
-