USD/CHF rose during the session on Tuesday as it has been doing lately. The pair has seen a lot of strong buying come into the market since bouncing from the 61.8% Fibonacci level, and the pair looks primed to go higher. However, we are still in the middle of resistance, and as a result we can't buy here. In fact, we are waiting for a pullback to get involved in as we believe the pair is going to 0.95, if not parity. Selling isn't a thought as the Swiss National Bank is watching the value of the Franc far too closely.

USD/CHF

USD/CHF Forecast March 7, 2012, Technical Analysis

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

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
0.9080
0.9108
0.9143
0.9170
0.9206
0.9234
0.9269

 Fibonacci
0.9108
0.9132
0.9146
0.9170
0.9195
0.9209
0.9234

 Camarilla
0.9161
0.9167
0.9173
0.9170
0.9184
0.9190
0.9196

 Woodie's
-
0.9110
0.9147
0.9172
0.9210
0.9236
-

 DeMark's
-
-
0.9220
0.9177
0.9157
-
-