USD/CHF fell again during the Thursday session as the world suddenly feels relieved about the situation in Europe as a few bond auctions have gotten better. The pair is flowing just above the 0.93 levels, and area that we see as massively supportive. Because of this, the area will be a point in which we are looking for supportive candles to buy. The area has been tested a few times recently, and has always held firm. Because of this, we are willing to buy on signs of it being so again. If it gives way, then we are willing to reevaluate this pair.

USD/CHF

USD/CHF Forecast January 20, 2012, Technical Analysis

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

 Name  S1  S2  S3  Pivot  R1  R2  R3

 Classic
0.9274
0.9236
0.9166
0.9344
0.9382
0.9452
0.9490

 Fibonacci
0.9303
0.9277
0.9236
0.9344
0.9385
0.9411
0.9452

 Camarilla
0.9302
0.9292
0.9282
0.9344
0.9321
0.9331
0.9341

 Woodie's
0.9258
0.9228
-
0.9336
0.9366
0.9444
-

 DeMark's
0.9363
-
-
-
0.9255
-
-