USD/CHF Technical Analysis September 28, 2011

USD/CHF fell on Tuesday as traders sold the Dollar to buy riskier assets in general. However, the USD/CHF pair did see a bit of a rebound late in the day as the rallies worldwide fell off. The pair is being supported by the Swiss National Bank, and as a result – we do not sell, only buy on dips. The pair looks bullish, but the nature of this pair suggests that it might be choppy with a positive tone going forward. We cannot sell with the SNB lurking below.

Written by FX Empire