USD/CHF continues to bump along the 0.91 level, and is currently trading at the 0.92 handle. The pair has seen strong support at this level, and looks set to find buyers at this point. The market looks well supported, and as such we are willing to buy on a break of the 0.9250 level. The move would signal an attempt to reach the 0.95 level, and possibly much higher. We still like this pair, and as long as the Swiss National Bank is willing to work against the Franc, we are not willing to sell.

USD/CHF

USD/CHF Forecast February 15, 2012, Technical Analysis

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

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
0.9042
0.9092
0.9130
0.9180
0.9218
0.9268
0.9306

 Fibonacci
0.9092
0.9126
0.9147
0.9180
0.9214
0.9235
0.9268

 Camarilla
0.9143
0.9151
0.9159
0.9180
0.9175
0.9183
0.9191

 Woodie's
-
0.9089
0.9123
0.9177
0.9211
0.9265
-

 DeMark's
-
-
0.9199
0.9171
0.9111
-
-