USD/CHF fell again during the Monday session as the Dollar continued to lose a bit of steam overall. The 0.9100 level looks as if it is trying to hold, but until we see a supportive candle at the close of business, it is going to be difficult to buy this pair. Selling isn't possible either with the obvious issues that the Swiss economy is going to have with its largest customer, Europe, going into recession. Because of this, we are waiting for a supportive candle, but are so far not seeing it. The 0.90 to 0.91 area should offer serious support going forward, and it is in this range that we looks for strength to buy.

USD/CHF

USD/CHF Forecast March 20, 2012, Technical Analysis

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

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
0.8992
0.9042
0.9079
0.9129
0.9166
0.9216
0.9253

 Fibonacci
0.9042
0.9075
0.9096
0.9129
0.9162
0.9183
0.9216

 Camarilla
0.9092
0.9100
0.9108
0.9129
0.9123
0.9131
0.9139

 Woodie's
-
0.9038
0.9072
0.9126
0.9159
0.9212
-

 DeMark's
-
-
0.9147
0.9120
0.9060
-
-