USD/CHF Forecast Nov. 24th, 2011, Technical Analysis

USD/CHF rose again during the Wednesday session as the world continues to buy Dollars. The pair looks ready to rise and break out above the recent highs and with the Swiss National Bank actively working against the value of the Franc – it makes sense. As long as there are headline risks out there – this pair will more than likely be a “buy on the dips” pair for us. A break above the 0.93 level sends this pair upwards and probably for a longer-term trend change.

USD/CHF Forecast Nov. 24th, 2011, Technical Analysis USD/CHF Forecast Nov. 24th, 2011, Technical Analysis

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