USD/CHF rose during the session on Wednesday to reach the top of the recent consolidation area that we feel has been a bit of building by the bulls in this pair. The Swiss National Bank is currently trying to talk the value of the Franc down, and also have a floor in the EUR/CHF pair as well. Because of this, we feel that intervention could be coming relatively soon, and as such we won't buy the Franc at all - in any pair. The Dollar is a safety play, and as such we only buy this pair. A break above the 0.9250 highs that the pair has recently put in has us buying.

USD/CHF

USD/CHF Forecast February 16, 2012, Technical Analysis

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

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
0.9071
0.9116
0.9195
0.9240
0.9319
0.9364
0.9443

 Fibonacci
0.9116
0.9163
0.9192
0.9240
0.9287
0.9316
0.9364

 Camarilla
0.9239
0.9251
0.9262
0.9240
0.9285
0.9296
0.9308

 Woodie's
-
0.9124
0.9212
0.9248
0.9336
0.9372
-

 DeMark's
-
-
0.9341
0.9251
0.9217
-
-