By FX Empire.com
USD/CHF had a slightly positive week for the last five sessions, but the candle shape is a shooting star as the bottom of the recent fall. The 0.91 to 0.90 levels are supportive, and the Swiss National Bank isn’t going to let the Franc appreciate too much. However, the central bank will worry about the EUR/CHF pair, and not this one as much. None the less, the market looks like it has a lot of support all the way down to 0.85 or so, and because of this, we are looking for supportive candles just below where we are. We aren’t fans of buying the Fran in general, and as a result are waiting for a decent buy signal. So far, we haven’t gotten it.
USD/CHF Forecast for the Week of February 6, 2012, Technical Analysis
Originally posted here
