The USD/CHF pair rose during the Tuesday session as the Dollar got a bid in general. The Federal Reserve offered no real hint at QE3 during a statement on Tuesday, and this suggests that the US economy is still moving forward. On the other hand, the Swiss economy will be greatly affected by the European Union's economy.

The 0.9250 level needs to be broken to the upside on a daily close in order to go higher at this point. Otherwise, we will look for pullbacks that offer supportive reactions. We will not sell this pair as the Swiss National Bank is working against the Franc as a whole.

USD/CHF

USD/CHF Forecast March 14, 2012, Technical Analysis

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

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
0.9060
0.9104
0.9187
0.9232
0.9314
0.9358
0.9441

 Fibonacci
0.9104
0.9153
0.9183
0.9232
0.9280
0.9310
0.9358

 Camarilla
0.9235
0.9246
0.9258
0.9232
0.9281
0.9293
0.9304

 Woodie's
-
0.9114
0.9206
0.9241
0.9333
0.9368
-

 DeMark's
-
-
0.9336
0.9243
0.9209
-
-