The USD/CHF pair took off Wednesday during the session as the failure of Ben Bernanke to mention another round of quantitative easing got the markets a little bit spooked. The risk on rally has been fueled by easy and cheap money, and any signs that it is going away could have serious consequences to the stock and futures markets. The pair is also being buoyed by the SNB in the form of a floor in the EUR/CHF pair, so this is a buy only pair at this point. We like buying a break of the highs from the Wednesday session.

USD/CHF

USD/CHF Forecast March 1, 2012, Technical Analysis

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

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
0.8951
0.8974
0.9013
0.9036
0.9075
0.9098
0.9137

 Fibonacci
0.8974
0.8998
0.9013
0.9036
0.9060
0.9075
0.9098

 Camarilla
0.9034
0.9040
0.9046
0.9036
0.9057
0.9063
0.9069

 Woodie's
-
0.8978
0.9020
0.9040
0.9082
0.9102
-

 DeMark's
-
-
0.9087
0.9042
0.9025
-
-