USD/CHF Forecast Nov. 23rd, 2011, Technical Analysis

The USD/CHF pair fell slightly during the session on Tuesday, but did bounce slightly during the later hours of the session in US trading. The area above is the recent highs, and will be resistive. However, the bullish momentum is great, and we expect it to break above that area. (0.93 or so.) If it does – the trend has changed. The USD is the last “safe haven currency” now, and as a result – a move up from here makes perfect sense to us. We like buying dips until we break below the 0.85 level.

USD/CHF Forecast Nov. 23rd, 2011, Technical Analysis USD/CHF Forecast Nov. 23rd, 2011, Technical Analysis

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