USD/CHF Forecast Nov. 11th, 2011, Technical Analysis

The USD/CHF pair fell on the Thursday session, but found support at the 0.9000 level. The pair continues to look healthy, and the 0.9000 level holding as support is a good sign for bulls in this marketplace. The pair is known to grind, so sudden moves aren’t necessarily expected, but we still like the move up as the world continues to buy Dollars, and the Swiss National Bank continues to fight Franc strength. We like buying dips at this point.

Written by FX Empire