By FX Empire.com
The USD/CHF pair fell for the first part of the week, but managed a bounce from the 50% retracement of the surge higher that started late last summer. The resulting candle was a hammer, and looks very strong. However, we are in an area that could offer resistance as the candles from a couple of weeks look like a few shooting stars. This pair should continue to rise though, as the US economy is much stronger than the Swiss one, and the Swiss National Bank is actively guarding the value of the Franc, although in the EUR/CHF pair. Any intervention in that pair will certainly push this pair higher as well. We still think 0.95 is a good target for buyers, and also think that sooner or later we see parity.
USD/CHF Forecast for the Week of March 12, 2012, Technical Analysis
Originally posted here
