FX.co ★ USD/CHF Rebound , March 09, 2011 (Daily Strategy)

USD/CHF

The United States dollar – Swiss Franc pair, is in the area of 50% (0.9288) and 61.8% (0.9266) Fibonacci retracement. Also note we have formed a fractal around 0.9197, 0.9227, 0.9234

the pair is going to get his weekly pivot. at 0.9260, which at this point the pair would find strong support, and then bounce back and continue their upward sequence. It is possible to enter a buy deal at the present price levels. A rebound in 0.9260. supports the estimation of the pair to move upwards to the major resistance level of 0.9450.