The USD/CHF continued to bump along the 0.91 to 0.90 support area on Tuesday as the European situation continues to plague the attitude of the markets. The Swiss are going to be heavily exposed to the European issues, and as a result they have put in a floor in the market of the EUR/CHF pair. This will in turn put in a floor of the USD/CHF pair as the pairs will react in unison to any kind of intervention by the Swiss National Bank. With this in mind, we only buy this pair, as the central bank is certainly bigger than we. The buying of dips allows us to build a larger position over time, and as long as we stay above the 0.90 level - we are willing to continue to buy, looking for a 0.95 target.

USD/CHF

USD/CHF Forecast February 22, 2012, Technical Analysis

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

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
0.9028
0.9057
0.9088
0.9117
0.9148
0.9177
0.9208

 Fibonacci
0.9057
0.9080
0.9094
0.9117
0.9140
0.9154
0.9177

 Camarilla
0.9102
0.9108
0.9114
0.9117
0.9124
0.9130
0.9136

 Woodie's
-
0.9058
0.9089
0.9118
0.9149
0.9178
-

 DeMark's
-
-
0.9162
0.9124
0.9102
-
-