USD/CHF fell during the Thursday session as the markets reversed course when it was announced the ECB could be swapping their shorter term debt bought in Greece for longer dated ones. The move hasn't been confirmed yet, but the markets traded as if the news was true.

The pair initially rose over the top of the resistance area at 0.9250 level, but fell back down into the previous consolidation area. The pair is still supported by the Swiss National Bank indirectly via the EUR/CHF, and as such - we don't buy the Franc. With this in mind, we look for support at 0.91 in which to buy.

USD/CHF

USD/CHF Forecast February 17, 2012, Technical Analysis

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

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
0.9021
0.9098
0.9147
0.9224
0.9273
0.9350
0.9399

 Fibonacci
0.9098
0.9147
0.9176
0.9224
0.9273
0.9302
0.9350

 Camarilla
0.9161
0.9172
0.9184
0.9224
0.9207
0.9219
0.9230

 Woodie's
-
0.9091
0.9132
0.9217
0.9258
0.9343
-

 DeMark's
-
-
0.9249
0.9212
0.9123
-
-