USDCHF Analysis – Nov 22, 2008

No changed in our view, USDCHF remains in up trend and the rise from 1.0010 (July 15 low) extends to as high as 1.2296 level. Further rise is still possible to 1.2700 zone in next several days. Initial support is at 1.1900 and followed by the up trend line from 1.0693 to 1.1208, as long as the trend line support holds, up trend will continue.

For long term analysis, USDCHF remains in long term bullish movement. Further rise is still possible to 1.3000 zone in next several weeks.

usdchf daily chart