March Swiss franc futures a buying opportunity on more price strength.
See on the daily bar chart for the March Swiss franc futures that prices are in a four-week-old uptrend and have just hit a fresh five-week high. The bulls have the near-term technical advantage as “the trend is your friend.” A move above chart resistance at Friday’s high of 1.1203 would become a buying opportunity in the “Swissy.” The upside price objective would be 1.1500, or above. Technical support, for which to place a protective sell stop just below, is located at 1.1050.
