The USD/CHF pair rose slightly during the Wednesday session as the Dollar got a bit of a boost against many currencies for the session. The 0.91 support level has been shown to be strong again, and as such we feel that this pair should travel higher form this point. The support level goes all the way down to a sub-0.90 level, and because of this we are looking to buy this pair on a breakout of resistance. Our point will be if the top of the Tuesday shooting star gives way. This would be enough of a move to convince us that it is time to buy. Selling isn't an option as the SNB is working against the4 Franc overall.

USD/CHF

USD/CHF Forecast March 22, 2012, Technical Analysis

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

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
0.9002
0.9039
0.9075
0.9112
0.9148
0.9185
0.9221

 Fibonacci
0.9039
0.9067
0.9084
0.9112
0.9140
0.9157
0.9185

 Camarilla
0.9090
0.9097
0.9103
0.9112
0.9117
0.9123
0.9130

 Woodie's
-
0.9039
0.9074
0.9112
0.9146
0.9185
-

 DeMark's
-
-
0.9166
0.9122
0.9094
-
-