USD/CHF continued to fall during the Wednesday session as the dollar continues to dive. The 0.92 level sits just below at the time of writing, and this has been a bit of a line in the sand in the pair for us. IF we see a daily close below this level - we wouldn't be interested in buying anymore, and would look for selling opportunities. The EUR/CHF has to be monitored though, as the Swiss National Bank has 'floor in it of 1.20. A breaking below that level in the EUR/CHF pair could have the SNB selling off the Franc as a whole, which of course would push this pair higher overall. In the meantime, we are cautiously willing to sell at a break below the 0.USD/CHF continued to fall during the Wednesday session as the dollar continues to dive. The 0.92 level sits just below at the time of writing, and this has been a bit of a line in the sand in the pair for us. IF we see a daily close below this level - we wouldn't be interested in buying anymore, and would look for selling opportunities. The EUR/CHF has to be monitored though, as the Swiss National Bank has a floor in it of 1.20. A breaking below that level in the EUR/CHF pair could have the SNB selling off the Franc as a whole, which of course would push this pair higher overall. In the meantime, we are cautiously willing to sell at a break below the 0.92 level on the daily close.

USD/CHF

USD/CHF Forecast January 26, 2012, Technical Analysis

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

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
0.9004
0.9100
0.9149
0.9245
0.9294
0.9390
0.9439

 Fibonacci
0.9100
0.9155
0.9189
0.9245
0.9300
0.9334
0.9390

 Camarilla
0.9159
0.9172
0.9186
0.9245
0.9212
0.9226
0.9239

 Woodie's
-
0.9088
0.9126
0.9233
0.9272
0.9378
-

 DeMark's
-
-
0.9270
0.9232
0.9124
-
-