USD/CHF rose during the Thursday session as the run to the Dollar continues. The 0.90 level now looks fairly supportive, and it is probably only a matter of time before this pair gains a bit of traction. However, the candle wasn't exactly strong, so we could be in for some kind of consolidation in the mean time. The breaking of the top of the candle shows that the market recaptured the 50% retracement, and this would be a bullish signal as well. We like this pair for longs - but know that grinding is the characteristics of this pair. We like buying, but on pullback as we get them.

USD/CHF

USD/CHF Forecast March 2, 2012, Technical Analysis

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

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
0.8978
0.9003
0.9042
0.9067
0.9106
0.9131
0.9170

 Fibonacci
0.9003
0.9027
0.9042
0.9067
0.9091
0.9106
0.9131

 Camarilla
0.9063
0.9069
0.9075
0.9067
0.9086
0.9092
0.9098

 Woodie's
-
0.9006
0.9048
0.9070
0.9112
0.9134
-

 DeMark's
-
-
0.9118
0.9073
0.9054
-
-