USD/CHF Forecast March 23, 2012, Technical Analysis

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The USD/CHF pair rose during the session on Thursday as the 0.91 level showed signs of support yet again. The support level runs all the way down to the 0.90 level, so we feel this pair very well could bounce form this point. The breaking of the highs from the Thursday session signals a continuation of bullishness in this pair, and we wouldn’t hesitate to buy at that point. With the Swiss National Bank trying to keep the value of the Franc down, they most certainly won’t be working against you, and if the EUR/CHF drops too much – intervention in that pair could come in to push this pair up as well.

USD/CHF Forecast March 23, 2012, Technical Analysis

USD/CHF Forecast March 23, 2012, Technical Analysis

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About: FX Empire Analyst - Christopher Lewis

Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.

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