USD/CHF Forecast January 30, 2012, Technical Analysis

USD/CHF fell on Friday as traders continued to sell the Dollar in general. The pair has seen a brutal selloff lately, and the breaking below of the hammer from Thursday is indeed a very bearish sign. The 0.91 level looks a bit supportive below, but at the current moment, we are not keen to step in and buy. The candle from Friday ended at the absolute bottom, and often that means continued selling. However, with the Swiss National Bank trying to weaken the Franc, we are not interested in selling at this moment either. We are very flat of this market currently.

USD/CHF Forecast January 30, 2012, Technical Analysis
USD/CHF Forecast January 30, 2012, Technical Analysis

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