USD/CHF Forecast Nov. 25, 2011, Technical Analysis

USD/CHF had a very quiet session on Thursday as the Americans were out celebrating Thanksgiving. The pair originally fell during the session, but bounced back and remains sitting stubbornly in the 0.92 area. The pair hasn’t done it yet, but a breaking of the 0.93 level suggests a trend change in this pair for the foreseeable future. The Swiss National Bank is currently fighting Franc appreciation, and as a result this pair can’t be sold. The US dollar is the last remaining safe haven currency, and in a world full of bad headlines – it makes sense that this pair could rise going forward. We like buying dips at this point.

USD/CHF Forecast Nov. 25, 2011, Technical Analysis USD/CHF Forecast Nov. 25, 2011, Technical Analysis

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