USD/CHF Forecast December 5th, 2011, Technical Analysis

USD/CHF rose during the Friday session as the breaking of the highs form Thursday signaled more buying. The pair has shown to attract support in the area of 0.90 over the last several sessions. The highs are what we need to see to consider this a long-term buy and hold type of trade, but the pair seems very intent of doing just that. Because of this – we like buying on dips. We will not sell it at this point in time.

USD/CHF Forecast December 5th, 2011, Technical Analysis USD/CHF Forecast December 5th, 2011, Technical Analysis

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