USD/CHF Forecast March 28, 2012, Technical Analysis

Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

The USD/CHF pair had a very back and forth session on Tuesday as the market simply didn’t have much of a direction overall. The pair is currently in a the support zone that we have been watching lately, and are still waiting to see if we get that supportive candle that compels us to buy. With the Swiss National Bank working against the Franc overall, we are not keen to sell this pair, even with the obvious bearishness of the latest moves. Intervention in the EUR/CHF pair would spill over into this market as well, and we don’t want to be on the wrong side of an intervention. With this in mind, we currently wait. 

USD/CHF Forecast March 28, 2012, Technical Analysis

USD/CHF Forecast March 28, 2012, Technical Analysis

Want to read more articles like this one?
Enter your e-mail address and read FX Empire content directly from your inbox.
 
We value your privacy. Your e-mail address will not be shared.
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.

  View all of FX Empire Analyst - Christopher Lewis's Articles    
Share Your Thoughts: Post a Comment


Your email address will not be published.