USD/CHF Forecast April 2, 2012, Technical Analysis
The USD/CHF pair fell on Friday as the Dollar remains under pressure. We have been waiting to see some kind of supportive candle in the 0.91 to 0.90 range, but simply haven’t seen anything to get excited by. Because of this, we are flat of this pair at the moment. However, the 0.90 level is just below, and the last hopes of the bulls will have to be seen soon and in the immediate area in order to go long. Unless we get a supportive candle in the next 50 pips, we will simply leave this market alone for a while as the Swiss National Bank is currently working against the value of the Franc in general.