USD/CHF Forecast for the Week of Nov. 28th, 2011, Technical Analysis

USD/CHF rose during the week as traders continue to run towards the Dollar in general. The Swiss National Bank is also working against the Franc, so it makes sense that this pair rose, and should continue to as well. The 0.95 level above should be resistive, but there is absolutely nothing fundamentally or technically to suggest that the area should continue to hold as resistance. We like buying the dips in this “buy only” pair now, and will continue to do so. If 0.95 is overcome, the parity level is next, and with Friday’s action – we may have even seen a trend change for the immediate future.

USD/CHF Forecast for the Week of Nov. 28th, 2011, Technical Analysis USD/CHF Forecast for the Week of Nov. 28th, 2011, Technical Analysis

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