USD/CHF rose during most of the session on Tuesday as the risk off trade came back just a bit. The pair has massive support from 0.91 to 0.90, and the 61.8% Fibonacci retracement level is just below the 0.90 handle. With this being said, and the fact that the Dollar is strong on the whole, we are looking for buying opportunities, and expect to see them somewhere in the next one numbered pips or so. On the first sign of strength, we are buying. Selling isn't an option until the Swiss National Bank abandons its Franc weakening policy.

USD/CHF

USD/CHF Forecast March 21, 2012, Technical Analysis

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

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
0.8984
0.9032
0.9059
0.9107
0.9134
0.9182
0.9209

 Fibonacci
0.9032
0.9061
0.9079
0.9107
0.9136
0.9154
0.9182

 Camarilla
0.9066
0.9073
0.9080
0.9107
0.9093
0.9100
0.9107

 Woodie's
-
0.9027
0.9049
0.9102
0.9124
0.9177
-

 DeMark's
-
-
0.9121
0.9100
0.9046
-
-