The USD/CHF pair had a back and forth session on Wednesday essentially ending the session at unchanged. The pair has been grinding higher lately as a run to the Dollar continues. The Swiss National Bank is presently working against a higher Franc, so the correct direction is up in this pair. The breaking of 0.93 sends this pair much higher with the first target at 0.95, and a longer-term target at parity.
USD/CHF Forecast Nov. 17th, 2011, Technical Analysis