USD/CHF Technical Analysis September 19, 2011

USD/CHF rose on Friday, and the pair seems to be lifting slowly. The Swiss National Bank is selling the Franc anytime it rises, so buying this pair is the only way to go in this pair. The USD/CHF is currently just above the 200-day moving average, and many traders use this as a trend indicator. The Swiss Franc is no longer a “safe haven” currency at this point, and the USD has become the eminent currency for such a trade. Any bad news and this pair could continue to rise at this point. We can’t sell this pair for any reason at this point.

Written by FX Empire