FX.co ★ USD/CHF Technical Correction , March 16, 2011 (Daily Strategy)

USD/CHF

The United States dollar – Swiss Franc pair continues its southward journey as part of a downwards trend that,technically, was found with a strong weekly support around the 0.9140 where the pair had been braked. We have to wait, a 4-hour close above 0.9180 and then buy, with an partial exit goal placed around the 0.9440 monthly Pivot point level and our final goal around 0.9630, Swiss Franc for one United States dollar