USD/CHF rose again this previous week as the Dollar continues to get a bid against most currencies worldwide. The pair has recently broken out over the 0.93 level, and the close above the 0.95 level suggests that the pair should continue to climb going forward. However, the daily chart shows a bit of a shooting star at this level, so a pullback is recommended as a “launching pad” for any longs that you are in. The pair isn’t to be sold as the Dollar is simply far too strong at this point. We are buying those pullbacks with anticipation of reaching the parity level.
USD/CHF Forecast for the Week of January 9th, 2012, Technical Analysis
Originally posted here
