USD/CHF Technical Analysis October 17, 2011

USD/CHF fell again on the Friday session, but continues to hang around the recent support level. In fact, it has been somewhat impressive as it simply doesn’t want to give way. Of course the market is being manipulated by the Swiss National Bank currently, as they do not want a stronger Franc than they already have. Because of this, you can only buy this pair, and with the Dollar being sold off against almost anything lately, it will be hard to buy. With this in mind, we are very flat and neutral this pair.

Written by FX Empire