USD/CHF Forecast Nov. 18th, 2011, Technical Analysis

The USD/CHF pair had a fairly quiet day on Thursday, but did form a small hammer of sorts. The pair is approaching the recent highs, and if the 0.93 handle gives way – this pair should continue much higher. If that is the case, our first target is 0.95, and then parity. The Swiss Franc simply cannot be bought at this point because of the SNB and its threats of intervention. We like buying dips in this pair going forward.

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